The Conference Board today announced that the U.S. leading index declined for the third consecutive month in August, falling 0.3 percent from July. The leading index now stands at 115.7 (1996=100). Based on revised data, this index decreased 0.3 percent in August and decreased 0.3 percent in July. During the six-month span through August, the leading index increased 0.7 percent, with six out of 10 components advancing (diffusion index, six-month span equals 60 percent). The weakness in the leading index during the last three months has become more widespread. Its current growth rate has slowed into the range of 1 percent to 2 percent (annual rate). However, these declines have not been long enough or deep enough to signal an end to the upward trend in the leading index underway since Mar...
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