The Conference Board reports that the Composite Index of Leading Economic Indicators declined 0.2 percent in December, following a 0.4 percent decline in November, and a 0.7 percent decline in October.
Says Ken Goldstein, Labor Economist at The Conference Board: “The Leading Index declined again in December – the third consecutive decline.
The Coincident Economic Index (which measures where the economy is at present) has turned softer, after remaining very steady until the final months of 2007.
Consumption and investment have weakened and even export growth, the remaining source of strength, has cooled. The latest data suggest that growth could remain slow, and possibly be even a little slower, in the first half of 2008.”
The Conference Board reports that the Coincident Index increased 0.1 percent in December, following a 0.1 percent increase in November, and no change in October.
The Lagging Index increased 0.4 percent in December, following a 0.2 percent increase in both November and October.
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