Leading Indicators 1% - esperado 0.6%(eom)
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US leading indicators 'finally' point to recovery (10:00am
WASHINGTON (CBS.MW) -- US leading economic indicators rose 1 percent in May, "finally" pointing to a recovery, the Conference Board said Thursday.
Eight of the 10 indicators increased in May, led by money supply, consumer expectations and stock prices. Two other indicators held steady in May.
Economists expected a gain of 0.7 percent after April's 0.1 percent gain.
"But the dangers present in the first five months of the year have not disappeared completely," said Ken Goldstein, economist at the board. "Chief among them is a lack of business confidence."
The coincident index rose 0.1 percent in May after falling four of the previous eight months. The lagging index dropped 0.1 percent in May.
WASHINGTON (CBS.MW) -- US leading economic indicators rose 1 percent in May, "finally" pointing to a recovery, the Conference Board said Thursday.
Eight of the 10 indicators increased in May, led by money supply, consumer expectations and stock prices. Two other indicators held steady in May.
Economists expected a gain of 0.7 percent after April's 0.1 percent gain.
"But the dangers present in the first five months of the year have not disappeared completely," said Ken Goldstein, economist at the board. "Chief among them is a lack of business confidence."
The coincident index rose 0.1 percent in May after falling four of the previous eight months. The lagging index dropped 0.1 percent in May.
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