NEW YORK -- A gauge of future economic activity inched up in July, a research group said Monday, indicating economic growth will pick up slightly in coming months despite turmoil in the housing market.
The Conference Board's index of leading economic indicators rose 0.2 percent in July, less than the 0.4 percent analysts were expecting. The index fell 0.3 percent in June, after rising 0.2 percent in May.
The report is designed for forecast economic activity over the next three to six months.
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