US Leading Economic Index Falls for a 10th Straight Month
- Conference Board measure fell 0.3% in January after 0.8% drop
- Decrease was led by weaker expectations and factory orders
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An index of US leading economic indicators fell in January for a 10th straight month, reflecting declines in consumer expectations and factory orders that underscore risks of a recession.
The Conference Board’s measure of the economic outlook for the next three to six months decreased 0.3% in January following a 0.8% decline a month earlier, the New York-based research group said Friday. The gauge is down 3.6% over the last six months.