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Conference Board Leading Economic Index Grows 0.3 percent in August

The Conference Board's Leading Economic Index (LEI) rose 0.3 percent in August to 110.2.

"While the recession officially ended in June 2009, the recent pace of growth has been disappointingly slow, fueling concern that the economic recovery could fade and the U.S. could slide back into recession. However, latest data from the U.S. LEI suggest little change in economic conditions over the next few months. Expect more of the same - a weak economy with little forward momentum through 2010 and early 2011," said Ken Goldstein, Conference Board economist.

"The U.S. LEI, which began rising three months before the end of the recession, remains on a general upward trend. However, the pace has been slowing. Correspondingly, current economic conditions, as measured by The Conference Board CEI, have been essentially flat since May, after reaching a bottom in June 2009. Taken together, the composite indexes are consistent with a slowly expanding economy in the near term," said Ataman Ozyildirim, Conference Board economist.

The LEI rose 0.1 percent in July, and dropped 0.2 percent in June.

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