The Conference Board's Index of leading economic indicators fell more than expected in March, but the forecast called for the United States' recession's intensity to ease this summer.
The Conference Board said that its monthly forecast of economic activity fell 0.3% in March and has not risen in nine months. The index is designed to forecast economic activity in the next three to six months based on 10 components, such as stock prices, the money supply, jobless claims, new orders by manufacturers, and building permits.
The index for February was better than previously reported, falling 0.2% instead of 0.4%. But it was revised lower in January to a 0.2% decline, instead of a 0.1% increase.
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