Leading Indicator Falls for 4th Month
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A closely watched barometer of future economic activity fell in September for the fourth consecutive month, suggesting that the recovery may be cooling.
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A Labor Department report showed that the economy lost 4,000 jobs in August, the first drop in 4 years, suggesting that turmoil in the financial markets could be spreading.
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Britain's manufacturing output has dropped 0.4 percent in October from the previous month.
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A leading index of the U.S. economy dipped in the latest week, and a continued lack of growth in the data shows no end in sight to the current slowdown, a report showed on Friday.
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New applications for US home loans fell last week from a four-month high even as 30-year mortgage rates declined to their lowest level since late March, an industry group said on Wednesday.
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A closely watched gauge of future U.S. economic activity fell in September for the fourth straight month after a stronger pace earlier in the year, a private research firm said on Thursday.
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RISMedia, Oct. 22, 2004âThe Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.1% in September, following a 0.3% decline in August, and a 0.3% decline in July.
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Business & money: House prices fell in January for the third month in a row, according to a report by Rightmove
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The company lowers its fourth-quarter and full-year earnings guidance.
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NEW YORK, September 23  - The US Composite Index of Leading Economic Indicators, a closely-monitored measure of future economic activities, declined for the third consecutive month in August this year.
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Economists had forecast a drop to 94.8. The November business assessment index fell to 93.8 from 94.7 in October, while the business expectation index fell to 94.3 from 95.9 last month, Ifo said.
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The drop was the largest amount in four months as demand for aircraft, heavy machinery and metals all declined.
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Figures showed property price falls for the fourth consecutive month, down 0.6 per cent according to latest research, which predicts more falls to come.
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Sales dipped 0.4 percent last month, and consumers may pull back more.
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The FTSE 100 index of leading shares fell 0.33 percent to 6,259.70 points.
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The number of mortgages approved by banks fell for the fourth month in a row in September, figures show.
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NEW YORK, October 21  - The US leading economic indicators declined for the fourth consecutive month in September this year indicating sluggish economic growth going into 2005.