After reporting a notable increase by U.S. leading economic indicators in the month of July, the Conference Board released a report on Thursday showing an unexpected decrease by its leading indicators index in the month of August.
The Conference Board said its leading economic index edged down by 0.1 percent in August following a revised 0.5 percent increase in July. The drop surprised economists, who had expected the index to come in flat compared to the 0.4 percent increase originally reported for the previous month.
by RTT Staff Writer
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