NEW YORK – The latest report from the Conference Board shows its leading economic indicators increased 0.4% during July, slightly above the 0.3% forecast but similar to June and May, after each experienced downward revisions.
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The Conference Board’s index is tied to 10 components and is designed to show economic trends. According to the Conference board, seven of the 10 indicators it uses increased in July, while the two biggest declines came in new orders for manufactured goods and consumer expectations for business conditions in the next six months.
The Conference Board said the index indicates slow growth through the remainder of 2012.
