A key index tracking the US economy rose slightly in May after being flat a month earlier but recovery from recession is expected to slow, the Conference Board said on Thursday.
The business research firm's forward-looking leading economic index (LEI) rose 0.4 percent after April's 0.1 percent decline was revised to no change.
The financial components made the largest positive contributions to the index, more than offsetting the substantial negative contributions from stock prices and building permits, the board said.
Note EU-Digest: the underlying problem of the US economy is that it is still based on being consumer driven and that no-one is seriously addressing that problem.
For more: Channel NewsAsia - Key US economic index shows slower recovery - channelnewsasia.com
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