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21-Aug-2009 12:59 PM

US recession bottoming out - economic activity "will likely begin to recover soon”

The Conference Board announced the following Leading Economic Index results:

  • US (Jul-2009): Increased 0.6% - the fourth consecutive monthly increase – with the behaviour of the composite indexes “suggesting that the recession is bottoming out and that economic activity will likely begin to recover soon”;
  • Germany (Jun-2009): Increased 1.1% - the third consecutive increase – with the behaviour of the composite indexes “suggesting that although the downturn in economic activity is likely to continue in the near term, economic conditions will likely improve in the months ahead”;
  • France (Jun-2009): Increased 0.9% - the third consecutive increase – with the behaviour of the composite economic indexes “suggesting that the contraction in economic activity should continue to ease in the near term, and that the economy may be moving closer to a recovery”.

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