Leading economic indicators rise in July

[WI_DEM]

NEW YORK - A private research group says its forecast of U.S. economic activity rose for a fourth straight month in July, but at slower pace than in the past three months.

The Conference Board's index of leading economic indicators gained 0.6 percent last month, slightly less than economists expected. The index, which is meant to project economic activity in the next three to six months, climbed 0.8 percent in June and 1.2 percent in May.

Still, the Conference Board said Thursday that the indicators suggest the recession has bottomed out, and growth in economic activity will begin soon.

http://enews.earthlink.net/article/top?guid=20090820/4a8cd850_3421_1334520090820-1848192752

[skipos]

1. News that isn't very negative gets so few responses on DU

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