The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.2 percent in July to 123.3, following a 0.6 percent increase in June, and a 0.6 percent increase in May. The Coincident Economic Index increased 0.2 percent to 112.5, and the Lagging Economic Index increased 0.3 percent to 118.1.

“The U.S. LEI fell slightly in July, after four months of strong gains. Despite a sharp drop in housing permits, the U.S. LEI is still pointing to moderate economic growth through the remainder of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Current conditions, measured by the coincident economic index, have been rising moderately but steadily, driven by rising employment and income, and even industrial production has improved in recent months.”

The Coincident Economic Index increased 0.2 percent in July to 112.5, following a 0.2 percent increase in June, and a 0.1 percent increase in May.

The Lagging Economic Index increased 0.3 percent in July to 118.1, following a 0.7 percent increase in June, and a 0.3 percent increase in May.