NEW YORK (AP) -- A private business group's measure of the economy's health dropped for the second consecutive month in August as building permits dropped and unemployment claims rose.
The New York-based Conference Board said Thursday its monthly forecast of future economic activity declined 0.5 percent in August. That is more than the 0.2 percent decline expected by Wall Street economists surveyed by Thomson/IFR.
The index fell 0.7 percent in July.
Supplier deliveries, manufacturing hours worked and consumer manufacturers' new orders for capital goods all fell.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.