US EditionEconomy Poised to Slow, Leading Indicator Shows
Summary by Arizona Daily Sun
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The advanced economic index of the Conference Board, a measure of the future economic activity of the United States, triggered a sign of recession, as it fell in May for the sixth consecutive month, slowed down by consumer pessimism, the weakness of new orders for manufactured goods, a surge in applications for unemployment aid and a drop in requests for building permits.
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Conference Board: Leading indicators slip in May, triggering recession signal
A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop…
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