Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Omaha Steve

(99,497 posts)
Fri Jul 18, 2014, 12:19 PM Jul 2014

Gauge of US economy rises 0.3 percent in June

Source: AP-EXCITE

By MARTIN CRUTSINGER

WASHINGTON (AP) — A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.

The Conference Board says its index of leading indicators rose 0.3 percent last month. That was slightly lower than forecast but the May increase was revised up to a 0.7 percent gain, a bit stronger than first estimated.

Conference Board economist Ken Goldstein says that stronger consumer demand, driven by sustained job gains, should help boost the economy in coming months.

The economy shrank sharply in the first three months of the year, reflecting the effects of a harsh winter, but economists are looking for a rebound in the second half of this year.



In this July 3, 2014 photo, construction worker Vinny Chase climbs out of a pit during a sewer and water line project in Philadelphia. The Conference Board reports on its index of leading economic indicators for June on Friday, July 18, 2014. (AP Photo/Matt Rourke)


Read more: http://apnews.excite.com/article/20140718/us--leading_indicators-3a1edb9d9f.html

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Gauge of US economy rises 0.3 percent in June (Original Post) Omaha Steve Jul 2014 OP
Good news.. Peacetrain Jul 2014 #1
mmmmm.......Vinny Skittles Jul 2014 #2
"that stronger consumer demand, driven by sustained job gains, should help boost the economy" IronLionZion Jul 2014 #3

IronLionZion

(45,380 posts)
3. "that stronger consumer demand, driven by sustained job gains, should help boost the economy"
Fri Jul 18, 2014, 12:44 PM
Jul 2014

I thought this theory had been debunked by the guts of conservative politicians who decided to pursue austerity instead and remove a lot of money from the economy?

Glad things are finally getting better! I'm starting a new job soon which would be a promotion in work and wages from the last one. I've been noticing lots more job postings at all levels too.

For those still looking, don't give up hope.

Latest Discussions»Latest Breaking News»Gauge of US economy rises...