(CercleFinance.com) – The index of leading indicators, supposed to foreshadow the evolution of economic activity in the United States, fell more sharply than expected in April, according to the Conference Board, which sees this as a sign of a slowdown in the economy.
The leading index fell 0.6% to 101.8 last month after having already fallen 0.3% in March, while analysts expected a more limited decline of around 0 .3%.
The ConfBoard explains the deterioration of the index by the deterioration of consumer morale, the weakness of business order intake and the decline in building permits, but also by the correction of the stock markets in April.
The professional organization thus says it predicts a slowdown in American economic growth, which according to its calculations should be below 1% in the third quarter compared to the second.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
