Positive signs of the US economic indicators
Economic indicators up more than expected
In June, index of leading economic indicators including building permits, stock prices, and number of people who filed-time claims for jobless aid increased for the third straight month. The index went up 0.7 percent last month, 0.3 percent more than expected according to the Wall Street analysts from Thomson Reuters. In comparison the index rose 1.3 percent in May and 1 percent in April.
In the first quarter of 2009 the US economic activity rose 2 percent with 4.1 percent growth annually, the strongest rate since the first quarter of 2006.
Seven out of ten economic activity rose in June including building homes, stock prices, manufacturer's new orders for consumer foods, and positive reading on jobs. The remaining three indexes including consumer expectations, manufacturer's orders for capital goods, and the real money supply went down last month.
According to Ken Goldstein, Conference Board economist if the growth in the index will continue, we experience a slow recovery this fall. But for now the data shows that economy is getting to stabilization according to another economist Josh Shapiro, chief US economist at MFR, Inc.
SF Gate-7/20/2009