The index of leading U.S. economic indicators fell in January for the fourth consecutive month as deterioration in the stock and housing markets signaled weakening growth.
The Conference Board’s gauge, which points to the direction of the economy over the next three to six months, declined 0.1 percent, after decreasing a revised 0.1 percent in December, the New York-based group said today. Last month’s drop in the index brings the decline for the last six months to 2 percent, which the Conference Board says can be one of the “reasonable criteria for a recession warning.” Read more
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