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10:00am 06/17/04 U.S. MAY LEADING ECONOMIC INDICATORS UP 0.5 PCT
10:00am 06/17/04 8 OUT OF 10 U.S. LEADING INDICATORS RISE IN MAY
10:00am 06/17/04 U.S. MAY LEADING INDICATORS ABOVE FORECAST OF 0.3% RISE
U.S. leading indicators up 0.5% in May
WASHINGTON (CBS.MW) -- The U.S. index of leading economic indicators rose 0.5 percent in May, the Conference Board said Thursday.
The rise was above the forecast of Wall Street economists, who had expected a 0.3 percent rise.
Eight of the 10 indicators increased May, led by factory hours and money supply.
Economists at the Conference Board said the data points to strong economic growth this summer.
The coincident index rose 0.3 percent, while the lagging index rose 0.1 percent.
10:00am 06/17/04 8 OUT OF 10 U.S. LEADING INDICATORS RISE IN MAY
10:00am 06/17/04 U.S. MAY LEADING INDICATORS ABOVE FORECAST OF 0.3% RISE
U.S. leading indicators up 0.5% in May
WASHINGTON (CBS.MW) -- The U.S. index of leading economic indicators rose 0.5 percent in May, the Conference Board said Thursday.
The rise was above the forecast of Wall Street economists, who had expected a 0.3 percent rise.
Eight of the 10 indicators increased May, led by factory hours and money supply.
Economists at the Conference Board said the data points to strong economic growth this summer.
The coincident index rose 0.3 percent, while the lagging index rose 0.1 percent.
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