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Enviado: 18/11/2004 16:0110:00am 11/18/04 U.S. OCT LEADING INDICATORS DOWN 0.3% VS -0.1% EXPECTED
10:00am 11/18/04 7 OF 10 U.S. LEADING INDICATORS FALL IN OCTOBER
10:00am 11/18/04 U.S. LEADING INDICATORS DOWN 5 MONTHS IN A ROW
10:00am 11/18/04 U.S. ECONOMY 'LOSING STEAM,' CONFERENCE BOARD SAYS
ECONOMIC REPORT: Leading indicators fall 5th straight month; U.S. economy losing steam, Conference Board says
By Rex Nutting, CBS.MarketWatch.com
Last Update: 10:03 AM ET Nov. 18, 2004
WASHINGTON (CBS.MW) - The U.S. economy is losing steam, the Conference Board said Thursday, reporting that the index of U.S. leading economic indicators fell 0.3 percent in October, the fifth straight decrease.
The string of declines "is a clear signal that the economy is losing steam, and may start off 2005 with a relatively weak pace of economic activity," said Ken Goldstein, economist for the board.
A separate business confidence survey "suggests that worries about where the economy is heading may cause some strategic plans to be put on hold," Goldstein said. "And the signal will be much stronger if consumers turn more cautious, just as the holiday season approaches."
The September leading index was revised lower to a 0.3 percent decline from a 0.1 percent drop previously.
Seven of the 10 leading indicators fell in October, led by consumer expectations, money supply and interest rate spreads. Vendor performance, factory workweek, building permits and new orders for capital goods also contributed to the decline in the leading index.
Three indicators gained ground in October: initial claims for jobless benefits, orders for consumer goods and stock prices.
In the past six months, the leading index has dropped 0.7 percent, with three of the 10 indicators strengthening.
The coincident index rose 0.3 percent in October, with all four indicators rising. The lagging index increased 0.2 percent in October.
10:00am 11/18/04 7 OF 10 U.S. LEADING INDICATORS FALL IN OCTOBER
10:00am 11/18/04 U.S. LEADING INDICATORS DOWN 5 MONTHS IN A ROW
10:00am 11/18/04 U.S. ECONOMY 'LOSING STEAM,' CONFERENCE BOARD SAYS
ECONOMIC REPORT: Leading indicators fall 5th straight month; U.S. economy losing steam, Conference Board says
By Rex Nutting, CBS.MarketWatch.com
Last Update: 10:03 AM ET Nov. 18, 2004
WASHINGTON (CBS.MW) - The U.S. economy is losing steam, the Conference Board said Thursday, reporting that the index of U.S. leading economic indicators fell 0.3 percent in October, the fifth straight decrease.
The string of declines "is a clear signal that the economy is losing steam, and may start off 2005 with a relatively weak pace of economic activity," said Ken Goldstein, economist for the board.
A separate business confidence survey "suggests that worries about where the economy is heading may cause some strategic plans to be put on hold," Goldstein said. "And the signal will be much stronger if consumers turn more cautious, just as the holiday season approaches."
The September leading index was revised lower to a 0.3 percent decline from a 0.1 percent drop previously.
Seven of the 10 leading indicators fell in October, led by consumer expectations, money supply and interest rate spreads. Vendor performance, factory workweek, building permits and new orders for capital goods also contributed to the decline in the leading index.
Three indicators gained ground in October: initial claims for jobless benefits, orders for consumer goods and stock prices.
In the past six months, the leading index has dropped 0.7 percent, with three of the 10 indicators strengthening.
The coincident index rose 0.3 percent in October, with all four indicators rising. The lagging index increased 0.2 percent in October.