(CercleFinance.com) – The index of leading indicators fell again in August, the Conference Board announced on Thursday, which confirms the scenario of a marked slowdown in growth in the United States.
This so-called precursor index fell 0.3% to 116.2 last month, after having already fallen 0.5% in July, while analysts expected a more limited decline of 0.2%.
The index is now down 2.7% over the past six months (February to August), which more than offsets the 1.7% gain that characterized the previous six months.
“The fact that the index of leading indicators falls for the sixth month in a row is a potential harbinger of a recession,” warned Ataman Ozyildirim, director of economic research at the Conference Board.
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