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US Leading Economic Index falls 0.2% in June
The Conference Board said weaker consumer expectations and building permits drove the decline, while a 0.2% rise in the coincident index signaled current conditions improved for a second month.
The Conference Board reported the US Leading Economic Index fell 0.2% in June, a weaker outcome than the -0.1% expected and a partial reversal of gains from May and April, according to Forexlive.
The decline reflected softer consumer expectations and weaker building permits across most categories, though the report noted that some LEI components were little changed and that recent improvements in financial conditions and easing inflation helped balance the headwinds.
The Conference Board also pointed to continued support from robust business investment tied to artificial intelligence, and it raised its forecast for 2026 GDP growth to 1.9% from 1.8% year over year.
Meanwhile, the Coincident Economic Index, which tracks current conditions, rose 0.2% for a second straight month as all four components improved, including employment, income, industrial production, and sales.