Monday, May 19, 2008
American downturn to be short-lived
Bloomberg.com: U.S. Economy: Leading Economic Indicators Index Rose in April
The index of leading U.S. economic indicators rose in April for a second month, the first back-to- back gain since October 2006, signaling that the current slowdown will be short-lived.
The Conference Board's gauge increased 0.1 percent, better than forecast and matching the gain in March, the New York-based research group said today. The measure points to the direction of the economy over the next three to six months.
Posted by morbotheterrible @ 06:56 PM (220 views) Add Comment
1 Comment
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1. harold said...
It's amazing what inflation will do for economic statistics (in the short term).