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Leading Economic Indicators Rebound in April
The Conference Board's Index of Leading Economic Indicators, considered a barometer of future economic activity, rose 1% in April, the first gain in seven months. Conference Board economist Ken Goldstein said, "The leading indicators suggest that while the recession will continue in the near term, the declines will be less intense. The question is how long before declines in activity give way to small increases. If the indicators continue on the current track, that point might be reached in the second half of the year." The April increase was the biggest gain for the index since November 2005. The Conference Board said strengths among the ten components that make up the index exceeded weaknesses for the first time in more than a year. Most of the index' indicators were positive, including stock prices, consumer expectations, the average work week, manufacturers' new orders for consumer goods, deliveries by vendors and a drop in initial jobless claims.
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Date Last Updated: 05/28/2009
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