Measure of US economy rose 0.3 percent in May
ASSOCIATED PRESS June 21, 2012 10:08AM
WASHINGTON — A measure of future U.S. economic activity rose in May, a sign the economy is likely to keep growing, though at a tepid pace.
The Conference Board says that its index of leading economic indicators rose 0.3 percent last month, after a 0.1 percent drop in April. April’s drop was the first in seven months.
An increase in building permits and rising new orders in a private survey of manufacturers drove the index higher.