The Conference Board Leading Economic Index for the U.S. increased 0.4 percent in July to 124.3 (2010 = 100), following a 0.3 percent increase in June, and a 0.2 percent decrease in May.

“The U.S. LEI picked up again in July, suggesting moderate economic growth should continue through the end of 2016,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “There may even be some moderate upside growth potential if recent improvements in manufacturing and construction are sustained, and average consumer expectations don’t deteriorate further.”

The Coincident Economic Index was up 0.4 percent in July at 113.9 (2010 = 100), following a 0.2 percent increase in June, and a 0.1 percent decrease in May.

The Lagging Economic Index increased 0.1 percent in July to 121.8 (2010 = 100), following a 0.1 percent decrease in June, and a 0.4 percent increase in May.