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.)
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