http://cbs.marketwatch.com/news/story.asp?guid=%7BE793E100-4329-49A1-B4EE-20DE1854A44B%7D&siteid=google&dist=googleLeading indicators fall 0.2% in June
By Rex Nutting, CBS.MarketWatch.com
WASHINGTON (CBS.MW) -- The nation's economic momentum slowed in June, the Conference Board said Thursday.
The index of leading economic indicators fell 0.2 percent last month, marking the first decline since March 2003, the board said. Five of the 10 leading indicators declined, led by, in order, building permits, the factory workweek, supplier's deliveries, money supply and interest rates.
The five indicators that improved in June were consumer expectations, stock prices, jobless claims, capital-goods orders and consumer-goods orders. Read the full report.
Economists surveyed by CBS MarketWatch had been expecting, on average, the index to rise 0.1 percent. See Economic Calendar.
May's index was revised lower, to an increase 0.4 percent from 0.5 percent.<snip>
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