Tags: US | Leading | Indicators

Leading Indicators Rise 0.3 Percent in January

Thursday, 18 Feb 2010 10:13 AM

A private research group says its forecast of future economic activity rose for a 10th straight month in January, but the pace of growth is slowing.

The Conference Board says its index of leading economic indicators rose 0.3 percent last month. That's weaker than a 1.2 percent rise in December and a 1.1 percent rise in November.

Its also was short of the 0.5 percent gain that economists polled by Thomson Reuters expected.

Some economists have been worrying that growth in the economy will stagnate this year as government support programs wind down and unemployment remains high.

The leading indicators index is designed to forecast economic activity in the next three to six months.

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A private research group says its forecast of future economic activity rose for a 10th straight month in January, but the pace of growth is slowing.The Conference Board says its index of leading economic indicators rose 0.3 percent last month. That's weaker than a 1.2...
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2010-13-18
Thursday, 18 Feb 2010 10:13 AM
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