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Mix-Ansicht- Leading indicators fall 5th straight month - CRASH_GURU, 18.11.2004, 21:39
Leading indicators fall 5th straight month
-->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.
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