LEI drops 0.5 percent in August

NEW YORK (AP) -- The latest snapshot of the economic outlook doesn't provide much reason for optimism.

The Conference Board's Index of Leading Economic Indicators dropped half a percent in August. That's worse than expected.

The index had dropped seven-tenths of a percent in July.

Economist Ken Goldstein with the business research group says there may be no signs of improvement seen "until well into the second half of 2009." The index is designed to forecast where the economy is heading in the next three to six months based on 10 economic components. Supplier deliveries, manufacturing hours worked and consumer manufacturers' new orders for capital goods were all down.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

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 webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 28602764 - local8now.com/a?a=28602764