from: http://www.washtimes.com/business/20010821-670081.htm
A key predictor of future economic activity rose for a fourth straight month in July, signaling that the economy should be emerging from its deep slump by the end of the year.
The 0.3 percent gain in the Conference Board's Index of Leading Indicators was spurred largely by the Federal Reserve's interest-rate cuts and expansion of the money supply since January.
The index also reflects a decline in unemployment claims last month and gains in consumer expectations and the manufacturing workweek, among the positive indicators. The report monitors 10 business indicators that are thought to be reliable predictors of future economic activity.
A key predictor of future economic activity rose for a fourth straight month in July, signaling that the economy should be emerging from its deep slump by the end of the year.
The 0.3 percent gain in the Conference Board's Index of Leading Indicators was spurred largely by the Federal Reserve's interest-rate cuts and expansion of the money supply since January.
The index also reflects a decline in unemployment claims last month and gains in consumer expectations and the manufacturing workweek, among the positive indicators. The report monitors 10 business indicators that are thought to be reliable predictors of future economic activity.