Leading Index Suggests Slow Growth in Store for US Economy

23 April 2003

The US economy may be in for several months of poor growth after a closely watched barometer slipped.

The Conference Board’s index of leading economic indicators, a gauge of prospects for the next three to six months, fell 0.2% in March after half its component indicators declined.

However, last month’s slide was an improvement on the 0.5% slump in February.

Conference Board economist Ken Goldstein blamed slowing consumer spending and hesitancy by businesses to invest for the continued failure of the US economy to stage a full recovery.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff