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Article: The Conference Board U.S. Leading Index Declines in April.
- Article from:
- PR Newswire
- Article date:
- May 18, 2006
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NEW YORK, May 18 /PRNewswire/ -- The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.1% in April, following a 0.4% rise in March and a 0.4% decline in February.
Says Ken Goldstein, Labor Economist at The Conference Board: "The economy is cooling off from the torrid pace of the first quarter. The composite index of Coincident Economic Indicators increased again in April, an indication that the economy carried some forward momentum into the early part of the second quarter. The Leading Economic Indicators, however, edged lower in April. This latest decline, combined with some earlier softening, suggests growth in ...