A private research group forecasts that the economy will grow slowly as summer transitions into fall. The Conference Board says its index of leading economic indicators rose 0.3% in June. The index had rebounded 0.8% in May after dropping 0.3% in April. That was the first decline since June 2010, as economic growth slowed. June’s reading suggests that the recent slowdown in growth won’t worsen into a recession over the next few months, even with high unemployment and a weak housing market. Many economists expect a moderate pickup in the second half of the year. Half of the 10 measures that the Conference Board compiles into its index showed improvement, four declined, and one was steady.
Leading indicators rise, signal slow growth
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