A measure of the U.S. economy's future health improved only slightly in May. But the modest gain followed a jump in April that suggests economic growth could pick up later this year.
A measure of the U.S. economy’s future health improved only slightly in May. But the modest gain followed a jump in April that suggests economic growth could pick up later this year.
The Conference Board says its index of leading indicators increased 0.1 percent last month to a reading of 95.2. That followed a stronger 0.8 percent rise in April.
Higher stock prices boosted the May index.
The index is intended to signal economic conditions three to six months out. It has been posting steady gains since December, one of many favorable signs for a stronger second half of the year.
- More pet-food recalls linked to potential salmonella contamination
- Man drowns in Lake Washington after hopping off boat
- Seattle company copes with backlash on $70,000 minimum wage
- Seahawks' decision shows faith in Brandon Mebane, and the team's Superstar Strategy
- Impressions from day 3 of Seahawks training camp --- Christine Michael, the center position, Tyler Lockett, and more
Most Read Stories
Conference Board economist Ken Goldstein said growth will depend on the strength of housing and consumers, which have helped offset government spending cuts and weak exports.