Leading Indicators Slip In June, Suggesting U.S. Economy To Slow

[Purveyor]

Source: Associated Press

NEW YORK: U.S. economic growth is likely to slow in coming months as the ongoing slump in the housing industry takes a deeper toll on businesses and consumers, a gauge of future business activity showed Thursday.

The Conference Board said its index of leading economic indicators fell 0.3 percent in June, higher than the 0.1 percent drop analysts were expecting and more than reversing last month's revised growth of 0.2 percent.

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The five negative contributors, beginning with the largest, were building permits, unemployment claims, consumer expectations, vendor performance and interest rate spread.

The positive contributors, starting with the largest, were weekly manufacturing hours, new orders for non-defense capital goods and stock prices. Manufacturers' orders for consumer goods and materials and real money supply held steady in June.



Read more: http://www.iht.com/articles/ap/2007/07/19/business/NA-FIN-ECO-US-Economy.php

[DavidDvorkin]

1. Slowing from its torrid pace!

The Great Bush Boom will ease ever so slightly!

[Javaman]

2. Wow, so the economy has gone from a slow walk to a crawl...

who would have thunk it?

but but but the dow jones says we are doing great!!! :eyes: