Leading Economic Index Falls For Third Consecutive Month

The Conference Board said the U.S. leading index decreased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.1 percent in August.

The leading index fell again in August, the third consecutive decline, and the weakness in the last three months has become more widespread. However, these declines in the leading index have not been long enough nor deep enough to signal an end to the upward trend in the leading index underway since March 2003.

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