May Leading Economic Index growth dipped to 0.2 percent, indicating moderating trend

While May's 0.2 percent increase in the U.S. LEI was slower than in recent months, the improvements in a majority of its components offset the declines in leading indicators of labor markets and residential construction. The U.S. LEI still points to solid growth but the current trend, which is moderating, indicates that economic activity is not likely to accelerate.

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