The U.S. LEI picked up in June,
reversing its May decline. Improvements in initial claims
for unemployment insurance, building permits, and financial indicators were the
primary drivers. While the LEI continues to point to moderating economic growth
in the U.S. through the end of 2016, the expansion still appears resilient
enough to weather volatility in financial markets and a moderating outlook in
labor markets.
Friday, July 22, 2016
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