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Article: The Conference Board's U.S. Leading Index Declines In August.
- Article from:
- PR Newswire
- Article date:
- September 23, 2004
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NEW YORK, Sept. 23 /PRNewswire/ -- The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.3% in August, following a 0.3% decrease in July and a 0.1% dip in June.
Says Conference Board Economist Ken Goldstein: "The leading indicators continue to soften. There is concern about weak consumption and the pace of wage and salary increases. Consumers worry about their wages and salaries which could limit spending. Businesses worry about their ability to raise prices and to cover rising costs."
The Conference Board reports that the Coincident Index, a major barometer of current economic activity, increased 0.2% in ...