Turning the corner? Leading economic indicator dips in August
Uh oh, Reuters didn’t get the memo!
A gauge of future U.S. economic activity slipped in August, the Conference Board said on Thursday, pointing to sluggish economic growth in the months ahead.
The group’s Leading Economic Index dipped 0.1 percent to 95.7 after rising 0.5 percent in July. That was in line with economists’ expectations and reflected weak manufacturing orders and consumers’ perceptions of business conditions.