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June US Leading Index Falls More Than Expected After May Gain

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The Conference Board's measure of leading indicators declined by 0.2% in June, larger than the expectations for a 0.1% decrease in a survey compiled by Bloomberg and following a 0.1% increase in May.

There were positive contributions from five of the 10 components, led by interest rate spread, but those were more than offset by large negative contributions from lower business expectations and building permits and higher jobless claims filings.

"Consumer spending is weakening, but strong business investment related to AI is expected to support economic activity while inflation continues to improve," said Justyna Zabinska-La Monica, Senior Manager of Business Cycle Indicators. "The Conference Board raised its forecast from 1.8% to 1.9% year-over-year GDP growth for 2026."

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