Economic indicators drop in Jan.

by on February 17th, 2005

NEW YORK (AP) — A closely watched gauge of future economic activity slipped 0.3% in January, slightly more than expected, indicating possible weakness in the economy in coming months.

The Conference Board, a private research group, said Thursday that its Index of Leading Economic Indicators declined to 115.6 last month after rising a revised 0.3% to 115.9 in December and 0.3% to 115.5 in November. Before the November and December increases, the index had been down for five consecutive months, though the declines were modest.

Analysts had expected a drop of 0.2% in January.

Etalkinghead Staff