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The Conference Board U.S. Leading Index Declines.
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PR Newswire
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October 20, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. 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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Indicators Reveal a Slowing U.S. Economy
NEW YORK, Oct. 20 /PRNewswire/ -- The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.7 in September, following a 0.1 decline in August and a 0.1 decline in July.
Says Ken Goldstein, Labor Economist at The Conference Board: "The Coincident Economic Indicators, which measure current economic conditions, edged lower in both August and September. The overall Leading Economic Indicators began to edge down in July, suggesting the economy was losing steam this summer and would continue to slow down in the fall. The spike in energy prices is another major factor changing the direction ...
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