Economic Report: More evidence the U.S. economy is growing strongly is shown in June’s leading index

Getty Images
The U.S. economy keeps on truckin’. A barometer known as the leading index rose sharply in June.

The numbers: The U.S. economy sped up in June, according to an index that attempts to forecast the nation’s economic health.

The leading economic index rose 0.5% after no gain in May, the Conference Board said Thursday.

A measure of current conditions — or how the economy is doing right now — climbed 0.3%.

A “ lagging” index that looks back at the past several months advanced 0.3%.

What happened: Most of the segments of the economy covered by the leading index showed greater strength in June with the lone exception of housing.

>>> Original Source <<<