FOREX TradingCharts.com

Financial News: U.S. Leading Economic Index Increases Slightly More Than

U.S. Leading Economic Index Increases Slightly More Than Expected In July

08/19/2021 - 10:47:00 (RTTNews)

(RTTNews) - Reflecting positive contributions from all components, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators increased by slightly more than expected in the month of July.

The Conference Board said its leading economic index advanced by 0.9 percent in July after rising by downwardly revised 0.5 percent in June.

Economists had expected the index to climb by 0.8 percent compared to the 0.7 percent increase originally reported for the previous month.

"The Leading Index's overall upward trend, which started with the end of the pandemic-induced recession in April 2020, is consistent with strong economic growth in the second half of the year," said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board.

He added, "While the Delta variant and/or rising inflation fears could create headwinds for the US economy in the near term, we expect real GDP growth for 2021 to reach 6.0 percent year-over-year, before easing to a still robust 4.0 percent growth rate for 2022."

The report also showed the coincident economic index rose by 0.6 percent in July following a 0.4 percent increase in June.

The Conference Board said the lagging economic index also climbed by 0.6 percent in July after being unchanged in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Dutch GDP Expands More Than Initially Estimated In Q2 (10 min(s), 59 sec(s) ago)
(RTTNews) - The Dutch economy grew more than initially estimated in the second quarter, final data ...Full Story»

Singapore Inflation Slows Slightly In August (01 hr(s), 03 min(s), 59 sec(s) ago)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story»

European Economics Preview: BoE, SNB Policy Announcements Due (02 hr(s), 16 min(s), 59 sec(s) ago)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story»

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month (02 hr(s), 16 min(s), 59 sec(s) ago)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story»

Australia Manufacturing PMI Jumps To 57.3 In September - Markit (48 min(s), 01 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story»

Australia PMI Data On Tap For Thursday (38 min(s), 01 sec(s) ago)
(RTTNews) - Australia will on Thursday release September PMI data from Markit Economics, highlight ...Full Story»

Fed Says Tapering Asset Purchases May Be Warranted 'Soon' (07 min(s), 01 sec(s) ago)
(RTTNews) - Citing progress towards it goals of maximum employment and price stability, the Federa ...Full Story»

Eurozone Consumer Confidence Improves In September (17 min(s), 01 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved in September for the first time in three months ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Dutch GDP Expands More Than Initially Estimated In Q2

09/23/2021 - 02:11 AM (RTTNews)
(RTTNews) - The Dutch economy grew more than initially estimated in the second quarter, final data ...Full Story>>

Singapore Inflation Slows Slightly In August

09/23/2021 - 01:18 AM (RTTNews)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story>>

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story>>

European Economics Preview: BoE, SNB Policy Announcements Due

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story>>

Australia Manufacturing PMI Jumps To 57.3 In September - Markit

09/22/2021 - 19:10 PM (RTTNews)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.