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by CareyBot

Although the economic outlook improved for the second straight month in October, sluggish real estate markets and weaker corporate profit growth will keep the economy on a slow track, The Conference Board reported today. The U.S. leading index, a key barometer of future economic conditions, gained 0.2 percent in October to 138.3, following a 0.4 increase in September and a 0.3 percent decline in August. "In sum, the impact of a slower housing market on consumers and slower profit growth on business isn't completely offset by lower gas prices and a rising stock market," said Ken Goldstein, labor economist at The Conference Board, a nonprofit research group. "This suggests that the economy is unlikely either to reheat or to get significantly cooler. Instead, the kind of slow growth now bein...