Index of Leading Indicators in U.S. Rises Less Than Forecast

The index of U.S. leading indicators rose less than projected in May, a sign the world’s largest economy may take time to accelerate.

The Conference Board’s gauge of the outlook for the next three to six months increased 0.1 percent after a revised 0.8 percent gain in April that was higher than initially reported, the New York-based group said today. The median forecast of economists surveyed by Bloomberg called for a rise of 0.2 percent.