Economic indicators up more than expected in June - KWWL - Eastern Iowa Breaking News, Weather, Closings

Economic indicators up more than expected in June

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NEW YORK (KWWL) - A private-sector forecast of U.S. economic activity rose more than expected in June, the third straight monthly increase.

The New York-based Conference Board says its index of leading economic indicators rose 0.7 percent last month. Wall Street analysts polled by Thomson Reuters expected a gain of 0.4 percent.

A rise in building permits and stock prices, and fewer people filing first-time jobless benefit claims, boosted last month's results.

The group also says activity in the six-month period through June rose 2 percent.

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

Online News Director Nate Leding

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