Economic indicators up more than expected in June

[ProSense]

Economic indicators up more than expected in June

By TALI ARBEL, AP Business Writer

NEW YORK – More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.

It was the third straight monthly increase for the New York-based Conference Board's index of leading economic indicators, and another sign pointing toward the recession ending later this year.

The index rose 0.7 percent last month. Wall Street analysts polled by Thomson Reuters expected a gain of 0.4 percent. May's reading was revised up to a gain of 1.3 percent from 1.2 percent, while April was scaled back to 1 percent growth from 1.1 percent.

The group also said activity in the six-month period through June rose 2 percent, with an annual growth rate of 4.1 percent. That's the strongest rate since the first quarter of 2006.

The index is meant to project economic activity in the next three to six months.

If these conditions continue, "expect a slow recovery this autumn," said Conference Board economist Ken Goldstein.

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[uponit7771]

1. All indicators could be 200% of what they were last year but without jobs those indicators don't

...mean a lot.

Know one is looking into the fact that the GDP has a structural issue of M2 (bank money) not being available so even when the customer comes back to life (which wont be till after 18% U6 rate unemployment) our GDP will continued to be hampered by lack of velocity.

[Peacetrain]

2. Well I am seeing jobs now.. hope you do soon also..

[Kdillard]

3. kick and rec.

[Clio the Leo]

4. I've been watching MSNBC and, aside from this morning, there's been nary a word. NT

[Kdillard]

5. If there is any sign that the work of this Administration is

succeding don't expect to see it covered very much in the news by CNN, MSNBC or other s in the MSM. The only thing they want to cover is misleading polls, Republican talking points and very little that would educate the American people. Notice how there is no more talk about the stock market. The man was barely into his Presidency and getting his cabinet together yet he was being blamed for the stock market.