Conference Board Says No Recession For January

U.S. Jan. leading economic indicators index falls 0.1%

Jas Jain says we are in a recession. The Conference Board disagrees.

By Robert Schroeder
Last update: 10:00 a.m. EST Feb. 21, 2008

WASHINGTON (MarketWatch) -- The index of leading U.S. economic indicators dropped by 0.1% in January, the Conference Board reported Thursday, as weaker stock prices and housing data drove the index's fourth consecutive decline. At the same time, the coincident economic indicator index rose 0.1% in January, the business research organization said. That index measures where the economy is now. The group's labor economist said the rise in the coincident index shows that the economy wasn't in recession in January but that weak growth can be expected in the future.

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