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6 of 10 economic indicators were positive

August 21, 2009

MarketWatch Reports: “WASHINGTON (MarketWatch) — An economic recovery may begin soon, and data suggest that the recession is bottoming out, the Conference Board said Thursday.For its fourth consecutive monthly gain, the index of leading economic indicators rose 0.6% in July, following an upwardly revised increase of 0.8% in June. However, July’s gain was below the consensus forecast of 0.7% from economists polled by MarketWatch.  Overall, six of the 10 indicators were positive contributors, three were negative, and one was steady. The interest rate spread was the largest positive contributor, while a reading on consumer expectations was the largest negative contributor.”

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