Fleet Management

Economic Index Points in Right Direction

May 17, 2001

SHARING TOOLS        | Print Subscribe
The Conference Board's index of leading economic indicators rose 0.1% in April after three consecutive declines.

Indeed, the index fell nine of last twelve months, declining 1.3% over the year.
This is modestly good news for business shipments and freight. It is added evidence that the economy avoided a recession for another month. Stock prices and interest rates improved sharply enough to offset declines in all labor, consumer and manufacturing market measures.
The gain in the index should be seen as a promise of higher production, spending and employment ahead - but it has not yet happened. We know we are heading in the right direction, but there is no evidence yet of a sustained recovery in the economy. Maybe in May; more likely in June.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine