July 21, 2008
Leading Economic Indicators Down 0.1%
By Matthew L. Brown
The Conference Board's index of leading economic indicators dipped 0.1 percent in June while the board's May index was revised to include a 0.2 percent drop.
The index is considered an economic forecast. The board said the June decline is a sign that the U.S. economy could weaken further this year.
The board said the index was dragged down by real money supply, stock prices and first-time jobless benefits claims. Those negatives offset positive contributions from building permits, interest rates and supplier deliveries, the board said.
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