The Conference Board Leading Economic Index for the U.S. increased 0.3 percent in June to 123.7 (2010 = 100), following a 0.2 percent decrease in May, and a 0.5 percent increase in April.

“The U.S. LEI picked up in June, reversing its May decline,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Improvements in initial claims for unemployment insurance, building permits, and financial indicators were the primary drivers. While the LEI continues to point to moderating economic growth in the U.S. through the end of 2016, the expansion still appears resilient enough to weather volatility in financial markets and a moderating outlook in labor markets.”

The Coincident Economic Index increased 0.3 percent in June to 113.8, following no change in May, and a 0.2 percent increase in April.

The Lagging Economic Index declined 0.1 percent in June to 121.9, following a 0.4 percent increase in May, and a 0.2 percent increase in April.