Conference Board index of leading indicators falls by 0.4 percent in November, adding to fears of 2008 recession.
A gauge of future business activity fell last month, indicating the economy could be dragged down further amid rising costs and housing woes, a business research group said Thursday.
The Conference Board said its index of leading indicators dropped 0.4 percent in November, after falling 0.5 percent in October and rising by a slight 0.1 percent in September.
It was at 136.3 in November, versus a revised 136.9 in the previous month.
Last month's drop was close to what economists surveyed by Thomson/IFR had predicted, who on average said there would be a drop of 0.5 percent.
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