(RTTNews) – Reflecting innovations made through the slow reopening of the economy, the Conference Board on Thursday published a report that presents a meaningful design in its reading of America’s key economic symptoms in June.
The Conference Board said its top economic index rose 2.0 in June after rising 3.2 in May and falling 6.3 in April.
Economists expected the index to rise by 2.5% in June, from the peak of 2.8% first reported the previous month.
Ataguy Ozyildirim, Senior Director of the Economic Research Conference Board, noted that position conditions in the labour market and percentage costs have made positive contributions.
“However, jstomer’s broader economic conditions and expectations of trading conditions point to weak economic prospects,” Ozyildirim said.
He added: “With the resurgence of the new COVID-1nine times in much of the country, the LEI suggests that the economy will continue in recessionary territory in the short term.”
The report indicates that the matching economic index rose 2.5% in June after a 1.6% jump in May.
Meanwhile, the lagging economic rate fell 2.5% in June after falling 1.2% the previous month.