Economic indicators signal continued slow growth

Associated Press

NEW YORK — A private research group says its gauge of future economic activity rose modestly in August, suggesting that slow economic growth will continue this winter.

The Conference Board says its index of leading economic indicators increased 0.3 percent last month after rising 0.1 percent in July.

The index had grown steeply starting in April 2009 thanks to a comeback in the stock market, record-low interest rates and the rebound in manufacturing. But the rate of increase leveled off this past summer as U.S. economic growth slowed.

Some analysts are worried that the economy could fall back into recession. The Conference Board says the index is not currently predicting another steep downturn in the U.S.