TODAY'S TOP STORY
Associated Press
NEW YORK — A gauge of future economic activity dropped in
February for the fifth consecutive month, suggesting that the weakening U.S economy could, indeed, be slipping into recession.
The Conference Board said Thursday that its index of leading economic indicators fell 0.3 percent last month to 135.0 after dipping a revised 0.4 percent in January.
The February reading was in line with the 0.3 percent decline expected by analysts surveyed by Thomson Financial/IFR.
The index is designed to forecast where the nation’s economy is headed in the next three to six months.
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