| Topic: |
Politics > Politics-USA |
| User: |
"Black Elk" |
| Date: |
18 Nov 2004 07:52:25 PM |
| Object: |
Leading Indicators Down for 5th Month |
Leading Indicators Down for 5th Month
Thursday November 18, 10:35 AM EST
WASHINGTON (Reuters) - A key forecasting gauge of future U.S. economic
activity fell for a fifth straight month in October, a private research
group said on Thursday.
The Conference Board said its index of leading indicators fell 0.3
percent in October to 115.1, a fifth straight monthly decline. The index
fell by a matching 0.3 percent in both September and August. The
September figure was downwardly revised from a previously reported drop
of 0.1 percent.
"A fifth straight decline in the leading indicators is a clear signal
that the economy is losing steam, and may start off 2005 with a
relatively weak pace of economic activity," Conference Board economist
Ken Goldstein said in a statement.
Wall Street economists surveyed by Reuters had expected a more modest
decline in October of 0.1 percent.
.
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| User: "Bill J" |
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| Title: Re: Leading Indicators Down for 5th Month |
18 Nov 2004 09:09:35 PM |
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"Black Elk" <rc@hotmail.com> wrote in message
news:1100829024.nl8uyVh+A1zcO7Qtxu2qDQ@teranews...
Leading Indicators Down for 5th Month
Thursday November 18, 10:35 AM EST
WASHINGTON (Reuters) - A key forecasting gauge of future U.S. economic
activity fell for a fifth straight month in October, a private research
group said on Thursday.
The Conference Board said its index of leading indicators fell 0.3
percent in October to 115.1, a fifth straight monthly decline. The index
fell by a matching 0.3 percent in both September and August. The
September figure was downwardly revised from a previously reported drop
of 0.1 percent.
"A fifth straight decline in the leading indicators is a clear signal
that the economy is losing steam, and may start off 2005 with a
relatively weak pace of economic activity," Conference Board economist
Ken Goldstein said in a statement.
He also says in his report:
"However, the recent declines in the leading index have not been large
enough nor have they persisted for long enough to signal an end to the
current economic expansion. "
also:
"The coincident index, an index of current economic activity, increased
again in October and its growth continues to be widespread. At the same
time, real GDP growth picked up slightly to a 3.7 percent annual rate in the
third quarter from 3.3 percent in the second quarter. "
Funny how when you only pick out one part of a report and ignore the rest
you can make an expanding economy look bad.. Pretty standard operating
procedure for the left.
Bill J.
Wall Street economists surveyed by Reuters had expected a more modest
decline in October of 0.1 percent.
.
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| User: "Arizona Bushwhacker" |
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| Title: Re: Leading Indicators Down for 5th Month |
18 Nov 2004 08:51:55 PM |
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What? Do you mean the republican plan to spend
America into prosperity isn't working???
"Black Elk" <rc@hotmail.com> wrote in message
news:1100829024.nl8uyVh+A1zcO7Qtxu2qDQ@teranews...
Leading Indicators Down for 5th Month
Thursday November 18, 10:35 AM EST
WASHINGTON (Reuters) - A key forecasting gauge of future U.S. economic
activity fell for a fifth straight month in October, a private research
group said on Thursday.
The Conference Board said its index of leading indicators fell 0.3
percent in October to 115.1, a fifth straight monthly decline. The index
fell by a matching 0.3 percent in both September and August. The
September figure was downwardly revised from a previously reported drop
of 0.1 percent.
"A fifth straight decline in the leading indicators is a clear signal
that the economy is losing steam, and may start off 2005 with a
relatively weak pace of economic activity," Conference Board economist
Ken Goldstein said in a statement.
Wall Street economists surveyed by Reuters had expected a more modest
decline in October of 0.1 percent.
.
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