MWL Secretary General stressed the need for unrestricted delivery of humanitarian aid to the Palestinians by opening all crossings
world9 hours ago
The Conference Board's index, a key forecasting gauge, fell to 101.2, the lowest since it was 100.7 in October 2004.
Building permits, stock prices and jobless benefit claims all weighed on the index, more than offsetting improvements in the interest rate spread and consumer expectations, the Conference Board said.
Analysts polled by Reuters had expected it to drop only 0.2 percent.
In the last six months the index has only risen once, by 0.1 percent in April. It also has fallen 0.9 percent over the same time period, the board said.
The coincident index, a measure of current economic conditions, rose 0.1 percent in July mostly due to strengthening industrial production, the board said. The lagging index shot up 0.4 percent.
Taken together, the Conference Board said, the indexes suggest "the risks for further economic weakening in the near term remain elevated."
MWL Secretary General stressed the need for unrestricted delivery of humanitarian aid to the Palestinians by opening all crossings
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