Market Watch: Economy Still Flashing Recession Signs, U.S. Leading Index Finds
Article by Jeffry Bartash in Market Watch
The leading economic index declined 0.8% in October and fell for the 19th month in a row, but the U.S. economy doesn’t appear any closer to a recession than when the losing streak began.
Economists polled by the Wall Street Journal had forecast a 0.7% drop in the leading index, a gauge of 10 indicators designed to show whether the economy is getting better or worse.
The last time the index fell so many times in a row was during the Great Recession from the end of 2007 through 2009.
What’s kept the economy growing is a .....