Key indicator index drops
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Manufacturing News, Source : TheManufacturer.com
Published : 24 Sep 2002 20:33
The Conference Board, a nonprofit research group that compiles indexes for the DOC, reported that its index for leading economic indicators decreased by 0.2% in August.
Seven of the 10 key indicators decreased in August because of interest rates, jobless claims, vendor performance, and new orders for non-defense capital. Money supply, manufacturing hours, and stock prices increased.
There is a danger that even this weak recovery could stall, especially if the consumer market starts to slow, said Ken Goldstein, a Conference Board economist. There is now the threat of a slowdown because unlike June or July, the latest decline was widely diffused, he said.
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