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The Conference Board said its U.S leading index of economic indicators fell 0.5% in October to 136.9. It rose 0.1% in September and dropped 0.9% in August, based on revised data. Three of the 10 indicators increased in October. They were stock prices, real money supply, and manufacturers' new orders for consumer goods and materials.
In addition, the growth rate for ECRI's forward-looking gauge of the U.S. economy for the week ended Nov. 16 contracted 1.2%. ECRI's weekly leading index level fell to 139.2 from 139.9 in the prior period. The index level measures weekly changes while the growth rate is derived from a four-week moving average.