May 19, 2008
Leading Economic Indicators Up In April
By Matthew L. Brown
Add the Conference Board to the list of organizations that do not believe the U.S. economy is in a recession.
The board's Leading Economic Indicators rose 0.1 percent in April, following a 0.1 percent increase in March, and a 0.3 percent decline in February. Before the March increase, the index had been in decline for five consecutive months.
The board said the economy is certainly weak, but not in a recession. The March and April increases in the index could be a sign that the economy might not weaken any further, the board said.
The board's Leading Economic Indicators rose 0.1 percent in April, following a 0.1 percent increase in March, and a 0.3 percent decline in February. Before the March increase, the index had been in decline for five consecutive months.
The board said the economy is certainly weak, but not in a recession. The March and April increases in the index could be a sign that the economy might not weaken any further, the board said.
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