| Consensus | Consensus Range | Actual | Previous | |
| Month over Month | -0.1% | -0.2% to 0.2% | -0.2% | 0.1% |
Highlights
The Conference Board's index of leading economic indicators dips 0.2 percent in June from May, just below the 0.1 percent decline most forecasters were expecting.
That follows an unrevised minus 0.1 percent in May. The latest declines follow two months of increases, which suggests an economy lacking momentum but also in better shape than six months ago. The leading index has now fallen by a relatively modest 0.3 percent over the six months through June compared with a 1.1 percent contraction over the prior six months.
Among the components of the index in June, the largest positive contribution comes from the US Treasury yield spread and a small positive contribution from other financial elements of the index. These were more than offset by negative contributions from the index of consumer expectations and from weak building permits.
Market Consensus Before Announcement
The leading index is expected down 0.1 percent in June after rising 0.1 percent in May.