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The Conference Board's Leading Index Rises for Fourth Straight Month, But Coincident Index Stalls.
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PR Newswire
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September 18, 2003
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Copyright informationCOPYRIGHT 2003 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 18 /PRNewswire/ -- The Conference Board reports today that the Composite Index of Leading Economic Indicators increased by 0.4 in August, after an upwardly revised 0.6 gain in July, a 0.4 increase in June and a 1.1 rise in May.
With this rise, the level now stands at 1.4 above the previous peak reached in May 2002.
"The economy is improving, although the road will likely remain bumpy," says Conference Board Economist Ken Goldstein. "While the Coincident Index was flat in August, after three straight monthly increases, the continuing rise in the Leading Index suggests the Coincident Index should advance in the next few months. With export growth still ...
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