Leading economic indicators weaken slightly
April 18, 2013
The Conference Board’s Leading Economic Index for the United States declined 0.1% in March to 94.7 following increases of 0.5% in both January and February. The base year for the index is 2004.
“The leading indicator still points to a continuing but slow growth environment,” said Ataman Ozyildirim, economist at The Conference Board. “Weakness in consumer expectations and housing permits was offset by the positive interest rate spread and other financial components.”
Says Ken Goldstein, economist at The Conference Board: “Data for March reflect an economy that has lost some steam,” said Ken Goldstein, economist at The Conference Board. “In addition to headwinds from government spending cuts, the private sector economy may struggle to maintain its momentum. The biggest challenge remains weak demand, due to nervous consumer sentiment and slow income growth.”
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