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Leading US economic indicators fell sharply

Leading US economic indicators fell sharply

A private business group says its measure of the U.S. economy's health fell more than expected in July, pushed lower by declines in the stock market, drops in new building permits and rising unemployment.
The New York-based Conference Board's forecast of future economic activity fell 0.7 percent, far short of the consensus estimate of a 0.2 percent decline by Wall Street economists surveyed by Thomson/IFR.
Revised June data showed no change to the index, which has slipped 0.9 percent for the six months ending in July.


Updated : 2021-01-25 06:01 GMT+08:00