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News > Jobs & Economy
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Economic indicator sinks for 4th month
Conference Board's index of leading indicators slips 0.1%, matching forecasts.
October 21, 2004: 10:28 AM EDT

NEW YORK (CNN/Money) - A gauge meant to forecast the economy's direction fell for the fourth straight month in September, a research group reported Thursday, matching forecasts on Wall Street.

The Conference Board said its index of leading economic indicators fell 0.1 percent last month, a smaller drop than August's 0.3 percent decline. Analysts surveyed by Briefing.com had forecast a 0.1 percent drop.

The index is meant to forecast the economy's direction in the next six to nine months.

Pulling the index lower were initial jobless claims and consumer goods orders while building permits edged higher in the month.

Economic weakness in the last four months has become more widespread, but declines in the leading index have not been large enough or persistent enough to signal an end to the current economic expansion, the Conference Board, a New York-based business research group, said in a statement.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.