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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (123890)	5/19/2008 10:03:06 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

No recession Weak, but holding steady Anchors away --- DJ US Conference Board: Apr Leading Index +0.1% . By Michael S. Derby Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The U.S. economy appears to be skirting an outright recession, according to a report released Monday. The Conference Board, a private research group, reported that its index of leading economic indicators rose by an as-expected 0.1% in April to a reading of 102.0, matching the gain seen in March. "The data certainly reflect a weak economy but not one in recession," said Conference Board economist Ken Goldstein. He added, "the small increases in the leading index in both March and again in April could be a signal that the economy may not weaken further." The leading index was boosted by stock prices, interest rate spreads and housing permits, and those factors offset negative contributions from average weekly hours and consumer expectations. The Conference Board noted that the six-month rate of decline for the leading index slowed to a 1.2% drop in April, from a 2.4% slowdown between July 2007 and January 2008. In the report, the private research group said that its index of coincident indicators held steady during April at a reading of 106.9, after a flat performance in March as well. Meanwhile, the index of lagging indicators rose by 0.1% to 112.2, following March's 0.4% rise. -By Michael S. Derby, Dow Jones Newswires; 201-938-4192; michael.derby@dowjones.com (END) Dow Jones Newswires May 19, 2008 10:00 ET (14:00 GMT) Copyright (c) 2008 Dow Jones & Company, Inc.- - 10 00 AM EDT 05-19-08