SmallBusinessNewz

The Conference Board Leading Economic Index for the U.S. increased 0.1 percent in July to 109.8, following a 0.3 percent drop in June, and a 0.5 percent increase in May.

"The indicators point to a slow expansion through the end of the year, says Ken Goldstein, economist at The Conference Board."

"With inventory rebuilding moderating, the industrial core of the economy has moved to a slower pace. There appears to be no change in the pace of the service sector. Combined, the result is a weak economy with little forward momentum. However, the good news is that the data do not point to a recession."

The Conference Board Coincident Economic Index for the U.S. increased 0.2 percent in July to 101.4, following a 0.1 percent decline in June, and a 0.4 percent increase in May.

The Conference Board Lagging Economic Index increased 0.2 percent in July to 101.4, following a 0.1 percent increase in June and a 0.1 percent decline in May.

"The economy should continue expanding, albeit slowly. The LEI is growing at its slowest pace since mid-2009 and it has been essentially flat since March, said Ataman Ozyildirim," economist at The Conference Board.

"However, the index is still well above pre-recession levels and the CEI remains on a rising trend that began in late 2009. All four coincident indicators have risen over the last six months, with Julys gain in industrial production offsetting the recent weakness in employment."