The Conference Board's leading indicators index shows positive trends in the last six months through August that potentially signal the end of a recession.
From Tali Arbel, The Associated Press:
NEW YORK — A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. The Conference's Board leading indicators point to an economy on solid ground early next year, though some analysts caution that a rising unemployment rate will restrain growth.
The Conference Board said Monday its index of leading indicators rose 0.6 percent in August. That follows a 0.9 percent gain in July revised up from 0.6 percent. Economists surveyed by Thomson Reuters had expected an 0.7 percent gain last month.
written by R. Graham,
September 22, 2009
