US leading economic indicator points to firming growth

Published Thu, Jun 18, 2015 · 02:29 PM

[WASHINGTON] A gauge of future US economic activity increased solidly in May, boosted by a surge in building permits, suggesting growth was regaining speed after stumbling in the first quarter.

The Conference Board said on Thursday its Leading Economic Index increased 0.7 per cent last month after a similar gain in April. Economists polled by Reuters had forecast the index rising 0.4 per cent.

REUTERS

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International

International

US leading economic indicator points to firming growth

International

South Korea readies new system to detect illegal short-selling

US births retreat after pandemic-era growth

Markets are embracing India's Modi for what he won’t do

Blinken to meet businesses in Shanghai as he kicks off a tough China trip

Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah

South Korea’s economic growth beats forecast as exports rise

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