slight upturn posted, but US still in recession
New York — The leading economic index for the United States had made an encouraging upward turn. The move is not yet strong enough, however, to provide a sure signal of the beginning of economic recovery, the Conference Board reports.
The so-called "International Economic Scoreboard" shows that the US index, which has advanced to 134 in June, up from 132 in May.But the Us index, which has dropped 8 percent since its peak last September, remains more depressed than the leading indexes of other major countries.
Latest readings who the leading economic indicators leveling off in recent months (April and May) in West Germany, France, Italy and Japan, although they have yet to reveal severe weaknesses. The leading index in Canada is down 2 percent from its high in January, and in the United Kingdom the index is also off about 2 percent.