HOMZ - AIER Leading Indicators Index Suggests Continued Growth As Risks Grow
- AIER’s Leading Indicators Index posted a fourth consecutive small decline in July, falling to 75 from 79 in June.
- Real gross domestic product increased at a 6.5 percent annualized rate in the second quarter, up from a 6.3 percent pace in the first quarter.
- Total housing starts rose to a 1.643 million annual rate in June from a 1.546 million pace in May, a 6.3 percent increase.
- New orders for durable goods increased in June, gaining 0.8 percent, the 13th rise in the last 14 months.
- Retail sales and food-services spending rose 0.6 percent in June, the fourth gain in the last six months.
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AIER Leading Indicators Index Suggests Continued Growth As Risks Grow