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To: IQBAL LATIF who wrote (39973)	6/20/2001 11:28:07 AM
From: IQBAL LATIF	Respond to of 50167

A key forecasting gauge for the U.S. economy in May logged its biggest increase in almost one-and-a-half years, but economic growth would continue to be slow for the next few months, a private research firm said on Wednesday. The Conference Board reported that the U.S. index of leading economic indicators rose 0.5 percent in May -- the biggest gain since a matching 0.5 percent rise in December 1999 -- after growing 0.1 percent in April. It was also the third increase for the index in the last six months.

To: IQBAL LATIF who wrote (39973)	6/20/2001 11:29:57 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

On net, the leading, coincident, and lagging indexes signal that the economy remains weak currently, but that economic conditions are turning in a way to set the stage for a modest recovery by the end of this year. Risks remain. The flat performance of the coincident index and outsized influence of monetary factors signal that the improvements are fragile. Should the economy receive a shock over the summer, it would have difficulty shrugging off the blow.