US economic index drops for second month

Washington  - A key gauge of US economic growth fell 0.1 per cent in June, its second straight monthly decline, according to an independent survey released Monday.

The New York-based Conference Board also revised its May figure, saying that leading economic indicators fell 0.2 per cent, after earlier reporting a 0.1-per-cent rise.

The board, which analyses 10 different measures of US economic performance, said the decline in its June index was led by drops in stock prices, unemployment claims and real money supply. (dpa)

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