Gauge of US economy posts slight 0.2% gain

Written By Unknown on Kamis, 19 Februari 2015 | 08.16

AN index designed to predict the future health of the US economy rose in January by the smallest amount in five months, indicating the economy's momentum may have slowed a bit.

THE New York-based Conference Board says its index of leading indicators increased 0.2 per cent in January, the weakest gain since a 0.1 per cent rise in August. In addition, the December increase was revised lower to a 0.4 per cent rise instead of the initially reported 0.5 per cent increase.

Conference Board economists say that the lack of strong momentum in residential construction and a weak outlook for new orders in manufacturing pose some downside risks for the economy.

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