The Conference Board reported that its Index of Leading Economic Indicators increased by 0.1 percent in June to 111.8, in line with analysts' expectations.

Four of the ten components of the leading indicators index rose in June, including the real money supply, stock prices and building permits.

Among the components that declined in June were consumer expectations and manufacturers' new orders for consumer goods and materials.

Manufacturing hours and new orders for non-defense capital goods were unchanged.
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"I still think we need to be a little cautious," said Ken Goldstein, a Conference Board economist

The leading index, which rose 1.1 percent in May and 0.1 percent in April, is supposed to measure where the overall U.S. economy is headed over the next three to six months.

It stood at 100 in 1996, its base year.