Conference Board says economic y is falling

March 20, 2003
New York-based Conference Board said today that the Composite Index of Leading Economic Indicators fell by 0.4% in February, after a revised 0.2% rise in January, and a 0.2% rise in December. Conference Board economist Ken Goldstein said nervousness over oil prices, war and the potential of a terror attack, combined with bad winter weather, helped produce a decline after a four-month positive trend.
New York-based Conference Board said today that the Composite Index of Leading Economic Indicators fell by 0.4% in February, after a revised 0.2% rise in January, and a 0.2% rise in December.

Conference Board economist Ken Goldstein said nervousness over oil prices, war and the potential of a terror attack, combined with bad winter weather, helped produce a decline after a four-month positive trend.

The private research group added that there are also signs that consumer spending could be slowing.

"This is significant because, without more investment or export growth, consumption has been largely fueling the economy since the end of the recession," Goldsteain said. "But nervousness over world events, more than any other single factor, holds the potential for extending the soft spot that the economy has been in since late last year."

The Conference Board said that the Coincident Index held steady in February, after a 0.2% increase in January and no change in December. The lagging index fell by 0.1% in February, after an upwardly revised 0.1% increase in January, and a 0.2% decrease in December.

About the Author

Tim Parry

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...