Latest news from WorldWay: 6th of June evening news, the U.S. Conference Board reported that the leading economic index for the U.S. increased by 0.5% in May, reaching 101.7 points, indicating that the U.S. economic growth rate may accelerate in the coming months.
Ken Goldstein, an economist at the Conference Board, stated: “Recent data indicates that the U.S. economy has finally shifted from a growth trend of 2% to a stronger expansion momentum.”
In this month, the coincident index, which measures current economic conditions, increased by 0.3%, while the lagging index increased by 0.4%. The leading economic index for April was revised to a month-on-month increase of 0.3%, while the previously reported initial value was a month-on-month increase of 0.4%.
