Measure of US economys future health declines 01 per cent in March

WASHINGTON – A measure of the U.S. economy’s future health declined slightly in March, signalling that growth could slow this spring.The Conference Board says its index of leading indicators dipped 0.1 per cent last month to 94.7. That’s the first decline after three months of gains. The gauge is designed to anticipate economic conditions three to six months out.Declines in consumer confidence, housing permits and new orders for manufactured goods pushed down the index.Higher stock prices and a larger spread between long-term and short-term interest rates offset the decline.The index is derived from data that for the most part have already been reported individually.“Data for March reflect an economy that has lost some steam,” said Ken Goldstein, an economist at the Conference Board.Across-the-board government spending cuts that kicked in March 1 are likely weighing on growth, Goldstein said. Economists forecast the cuts will shave a half-percentage point from growth this year.The private sector is also struggling, Goldstein added. “The biggest challenge remains weak demand, due to nervous consumer sentiment and slow income growth,” he said.But overall, “the leading indicator still points to a continuing but slow growth environment,” Ataman Ozyildirim, also an economist at the Conference Board, said. The board is a research group with a mostly business membership.The Leading Indicator index has increase 1.6 per cent in the past six months, much faster than the 0.1 per cent gain in the previous six months.Other reports issued Thursday pointed to modest growth. Weekly unemployment applications rose only slightly last week and remained at levels that suggested hiring could rebound in April.Most economists forecast growth accelerated to an annual rate of roughly 3 per cent in the January-March quarter, up from a 0.4 per cent rate in the fourth quarter. But many analysts expect growth is slowing in the April-June quarter, mostly because of the spending cuts. Some economists are forecasting a growth rate of 1.5 per cent for the second quarter. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Measure of US economy’s future health declines 0.1 per cent in March, a sign of slowing growth by Christopher S. Rugaber, The Associated Press Posted Apr 18, 2013 11:07 am MDT read more

Police appeal after mob of youths beat man unconscious with chair in

first_imgMetropolitan Police urge anyone who may recognise the suspects to contact themCredit:Metropolitan Police The suspects knock the victim unconciousCredit:Metropolitan Police Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. The attack happened at around 10.15pm on April 30.A 13-year-old boy was arrested on 30 April on suspicion of affray, robbery and possession of a class B drug.He has been bailed pending further enquiries to a date in late November. A teenager was beaten unconscious by a gang of ten youths – who knocked him unconscious with a chair.Police are hunting the ten-strong gang who hospitalised the 19-year-old in the savage attack so that they could steal his phone.The victim was walking to catch a bus in Streatham, south west London when he was attacked by a group of ten men.center_img He was knocked to the floor and suffered cuts to his face, head and lips, before being knocked unconscious by the savage blow from the chair.Met Police have released CCTV of eight suspects.They are described as black males, aged between 14 and 16, and wearing dark hooded tops. Metropolitan Police urge anyone who may recognise the suspects to contact them The suspects knock the victim unconciouslast_img read more