Conference Board says economic activity is down
A key gauge of economic activity dropped last month after rising in March, New York-based Conference Board said today. Suggesting that economic recovery is sluggish, the research firm reported its index of leading economic indicators declined 0.4% last month to 111.7 after rising 0.1% in March. Analysts had forecast a decrease, but by only 0.1%. "The signal from the indicators is that the recovery