Leading Economic Indicators Up More Than Expected

New York, NY, June 21, 2012 -- The index of leading economic indicators rose 0.3% in May, according to the Conference Board.

That means there's little risk of a severe downturn in the months ahead.

"Economic data in general reflect a U.S. economy that is growing modestly, neither losing nor gaining momentum," said Ken Goldstein, economist at the Conference Board.

However, he said that ongoing U.S. and international challenges are making it difficult for the economy to strengthen.

Economists had expected a May gain of 0.1%.


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