The Conference Board's measure of future economic activity declines for fourth straight month.
An indicator of the economy's future performance fell for the fourth straight month in January, according to a report released Thursday by the Conference Board.
The Conference Board's index of leading U.S. economic indicators fell 0.1% to 135.8 last month, matching the 0.1% decline logged in December. The decline was in line with economists' expectations, according to Briefing.com.
Falling stock prices, along with a drop in housing permits, contributed to the slip. However, money supply, lower-than-expected unemployment and positive consumer expectations helped keep the decline in check.
Positive measurements have not been strong enough to fully offset the negative ones, said Ataman Ozyildirim, an economist at the Conference Board, a business research group.
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