August 20, 2004 |
Offering more evidence that the nation's economic recovery is losing steam, a closely watched gauge of future economic activity fell in July for the second consecutive month. The Conference Board said its index of leading economic indicators dropped by 0.3% in July to 116 after a revised decline of 0.1% in June. Last month was the first time in more than a year that the index had lost ground, and the July decline was larger than the 0.1% drop forecast by analysts.
July 21, 2006 |
An indicator of future U.S. economic activity and a survey of mid-Atlantic states' factory activity Thursday hinted at slower growth ahead. The index of leading economic indicators rose 0.1% in June to 138.1, below market expectations for a 0.2% rise, the Conference Board, a private industry research group, said in its monthly report. June's mild increase follows two straight months of declines, and supports experts' opinions that the economy will cool further in the second half of 2006.
March 5, 1997 |
Sales of new homes unexpectedly soared in January to their highest level in a decade and the index of leading economic indicators rose, providing fresh evidence Tuesday that U.S. growth may be accelerating. Federal Reserve Board Chairman Alan Greenspan, meanwhile, said the good times could continue, and he forecast "continued sustainable economic growth accompanied by low and stable inflation."
February 2, 1995 |
The government's main economic forecasting gauge rose slightly in December while construction spending ended the year on a high note, possibly due to unusually warm weather. A third report from the nation's purchasing managers indicated that the economy continued to expand last month. Analysts said there may be mixed signals in the latest government data.
November 5, 1997 |
In a sign the economy's seven-year expansion won't slacken soon, a key economic barometer rose in September, posing its fifth straight monthly increase. The 0.2% rise in the Conference Board's index of leading economic indicators, released Tuesday, shows the index rising to 104.5, matching analysts' expectations. The index posted a similar increase for August. The index is designed to forecast economic activity six to nine months in advance.
August 5, 1998 |
The index of leading economic indicators--intended to project U.S. growth over the next six months--fell in June, confirming that the economy is cooling. The Conference Board's index declined 0.2% in June, mostly because of an increase in jobless claims from the strikes against General Motors Corp. June's decline came after a 0.1% drop in May and a flat showing in April. One rule of thumb, analysts say, is that three consecutive declines in the index could signal a recession. U.S.
August 20, 2001 |
Federal Reserve policymakers meet Tuesday to consider the seventh cut in interest rates this year. Economic indicators this week might show that previous reductions are beginning to spur a pickup in growth. The Conference Board's index of leading economic indicators for July, intended to look three to six months ahead, is expected to have increased 0.3%, just as it did a month earlier, analysts said. The research group will release its report today.
July 6, 2001 |
A closely watched Japanese economic barometer came in well above a critical level for the first time in five months, suggesting that Japan may be in for a respite from its most severe slump in decades. The index of leading economic indicators, which measures the prospects for growth in six to nine months' time, was at 71.4 in May, up from 33.3 in April.
November 4, 1998 |
The U.S. index of leading economic indicators, a key measure of future economic activity, was unchanged at 105.5 in September for the third straight month, another sign of slower growth in coming months. Economists had predicted a slight decline in the Conference Board's index, which is intended to project economic activity six to nine months in advance. Five of the leading index's 10 components fell in September, led by stock prices. Four components, led by money supply, posted increases.