Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 17, 2012 16:32:29

U.S. - index of leading indicators rose in July more than expected

Index of leading indicators for the U.S. economy, the government compiled Conference Board for July showed an increase of 0.4% over the same decline in June. Market estimated to improve to the level of +0.2% in the overall estimates range from 0 to +0.6%.

The growth index suggests the possibility of sustainable growth rate of the U.S. economy in Q3 this year.

7 out of 10 main indicators monitored grew at the forefront of the number of building permits and development applications for unemployment benefits. Two indicators declined, the average working week has stagnated.

Index-related indicators, which is a measure of current economic activity, rose to 0.3% in August compared to July had an improvement of 0.2%. Index tracks the development of employment, income, sales and production.

Late index of indicators rose in August by 0.4% compared to growth in July by 0.1%.
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