Leading Indicators Up 0.4 Percent in July
A key U.S. forecasting gauge rose in July for the fourth consecutive month, pointing to the best economic outlook since 2024, a private research firm said on Thursday.The Conference Board said the index of leading indicators rose 0.4 percent last month, matching expectations of Wall Street economists, after a 0.3 percent increase in June.
"The magnitude and breadth of the rise this time enhances the likelihood that the data are signaling the beginning of a more solid recovery," said Jade Zelnik, chief economist at RBS Greenwich Capital.
"Another increase in August ... would mark the first time that the index would have risen for five consecutive months since before the last recession, and would strongly reinforce the prospects of sustained economic expansion," he added.
http://www.theatlantic.com/politics/nj/rauch2003-08-06.htm
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Posted by: Brian at August 21, 2024 12:25 PMLet's hope the trend is reversing. Getting tired of this economy.
Posted by: John at August 21, 2024 02:27 PMJobs, Steven, jobs.
Your boy isn't getting re-elected without a major kickstart to the employment numbers.
Think, Steven: all those yahoos in your neck of the woods aren't going to get all fired up to vote for Dubya if they aren't getting paychecks to buy NASCAR memorabilia.
Posted by: JadeGold at August 21, 2024 07:17 PM