(CercleFinance.com) – The index of leading indicators in the United States continued to rise in May, the employers’ organization Conference Board announced on Thursday.
This precursor index – supposed to foreshadow the economic trend for the coming months – increased by 1.3 points last month, to 114.5, after an increase of 1.3 points in April and of 1.4 points in March.
Economists expected an index up 1.3 points.
Ataman Ozyildirim, director of economic research at the Conference Board, believes that the result suggests that the US economy should continue its strong growth in the short term.
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