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