(Newsroom America) -- The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.3 percent in June to 95.6 (2004 = 100), following a 0.4 percent increase in May, and a 0.1 percent decline in April.
An economist at The Conference Board, Ataman Ozyildirim, said the U.S. LEI declined in two of the last six months, and its six-month growth rate has eased in the last three months.
"The strengths among the leading indicators have become less widespread as consumer expectations and manufacturing new orders offset gains in the financial, labor, and construction-related components. Meanwhile, the coincident economic index, a measure of current economic conditions, has risen slowly but steadily in the last three months."
Economist Ken Goldstein said the U.S. economy is growing very slowly.
"The CEI basically reflects this steady but soft pace of overall economic activity. The LEI is pointing to no strengthening over the next few months, as the economy continues to sail through strong headwinds domestically and internationally."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.2 percent in June to 104.5 (2004 = 100), following a 0.2 percent increase in May, and a 0.4 percent increase in April.
The Conference Board Lagging Economic Index (LAG) increased 0.2 percent in June to 115.5 (2004 = 100), following a 0.3 percent increase in May, and a 0.6 percent increase in April.