MW: March leading indicators fall; recession seen through summer
The recession may continue though the summer, though its intensity could ease, the Conference Board said Monday. The index of leading economic indicators fell 0.3% in March, following an upwardly revised dip of 0.2% in February. Building permits were the largest negative contributor in March, while the real money supply was the largest positive contributor. "There have been some intermittent signs of improvement in the economy in April, but the leading economic index and most of its components are still pointing down," said Ken Goldstein, economist at the Conference Board. Overall, six of the 10 indicators were negative contributors, three were positive, and one was steady.
