The Iowa Leading Indicators Index for June was reported at 100.6, up from 100.0 in May. The Iowa non-farm employment coincident index was flat for the month, ending the streak of nineteen consecutive monthly decreases. The index’s 0.7 percent value increase in June follows a 0.6 percent increase in May, which marks the ninth consecutive positive change in the index.

In June, six of eight Iowa Leading Indicators Index components contributed positively. The positive contributors were the new orders index, unemployment insurance claims (inverted), average weekly manufacturing hours, the Iowa stock market index, the agricultural futures price index, and diesel fuel consumption. The negative contributors were the national yield spread and new residential building permits, although the latter contribution (-0.0025) rounds to zero.

For a complete look at the June Leading Indicators Index report, go to www.iowa.gov/tax/taxlaw/ILIIJun2010.pdf