Conference Board index signals U.S. recession is slowing

06/19/2009 | Forbes

The Conference Board's index of leading economic indicators in the U.S. posted its biggest gain in five years last month. The index, which rose 1.2% in May, forecasts economic activity in the next three to six months. "The recession is losing steam," said Ken Goldstein, an economist with The Conference Board. "If these trends continue, expect a slow recovery beginning before the end of the year."

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