Leading Economic Indicators Improve beyond Expectations

According to Associated Press, Conference Board( a New York based private firm) reported that the Major indicators of US Economic activity went up in June 2009. They are now reported to be rising for last 3 months. June’s increase is more than what analysts have forecasted.

Conference Board, which maintains and monitors index of US economic activity said that last month the it increased by 0.7 percent against a forecasted 0.4 percent.

This rise is mainly due to boom in building permits, rise in stock prices and stable unemployment rate. the combined impact of all this activity is a 2 percent rise since January 2009.

Mr. Ken Goldstein, an economist at Conference Board, said that if the conditions continue he see a slow recovery before end to this year.

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