India, June 18 -- A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged higher for the second straight month in May.
The Conference Board said its leading economic index inched up by 0.1 percent in May after rising by 0.2 percent in April. The uptick matched economist estimates.
"The Leading Index for the US increased slightly in May, fueled entirely by positive contributions from financial components, especially stock prices and the interest rate spread," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.
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