Measure of future U.S. economic activity fell in August
WASHINGTON (AP) - A measure of U.S. economic activity declined in August for the second time in three months, suggesting the economy remains weak.
The Conference Board says its index of leading indicators, designed to forecast future economic activity, dipped 0.1 percent in August after rising 0.5 percent in July and dropping 0.5 percent in June.
The weakness in August came from declines in manufacturing orders, consumer confidence and average weekly manufacturing hours. Conference Board economist Ken Goldstein says the index depicts an economy still facing significant domestic and international weakness.
The overall economy grew at an annual rate of just 1.7 percent in the April-June quarter. Many economists believe growth will stay weak in the second half of this year.
The Conference Board says its index of leading indicators, designed to forecast future economic activity, dipped 0.1 percent in August after rising 0.5 percent in July and dropping 0.5 percent in June.
The weakness in August came from declines in manufacturing orders, consumer confidence and average weekly manufacturing hours. Conference Board economist Ken Goldstein says the index depicts an economy still facing significant domestic and international weakness.
The overall economy grew at an annual rate of just 1.7 percent in the April-June quarter. Many economists believe growth will stay weak in the second half of this year.
Give another few billion to a trillionaire already. It's working, and there ain't many to pay off now. Once they've all been paid, America will go back to work for pre-industrial age wages and everything will be fine.
Of course the economy remains weak! What makes anyone think that QE3 Unlimited Edition, the looming tax hikes of January 1, the Deer in the Headlights/Head In The Sand Middle East Policy. skyrocketing health insurance costs hence employee costs, uncertainty over... everything, is gonna jumpstart the economy?
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And a guy just got $7M for smelling popcorn.
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I wonder if Netanyahu can get Letterman on YidDishDirectTV in Tel Aviv?
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