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Article: The Conference Board U.S. Leading Economic Index Dips.
- Article from:
- PR Newswire
- Article date:
- July 21, 2008
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Indicators Suggest Weak Economy Through the End of the Year
NEW YORK, July 21 /PRNewswire/ -- The Conference Board reports today that the Composite Index of Leading Economic Indicators dipped 0.1 percent in June, following a downwardly revised 0.2 percent decline in May, and a 0.1 percent increase in April.
Says Ken Goldstein, Labor Economist at The Conference Board: "The domestic economy is showing no sign of strength. The Leading Index started to signal slow growth last spring, and the Coincident Index has been flat to declining since last fall. The deep financial crisis, a prolonged, intense slump in housing, high gasoline and food prices, weak consumer confidence ...
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