Mon, 20 Aug 2012 13:44:02 GMT
U.S. Leading Index jumped surprisingly in July
The U.S. CB leading economic
index unexpectedly rose to 0.4% in July, after a 0.4 per cent drop in the month
earlier, proving that the world's biggest economy is growing sustainably. Despite
positive economic data during last month, the unemployment rate remains above
8% level since February 2009. In the
meanwhile, the U.S. economy grew by a tepid 1.5% in the
second quarter, after expanding at