THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, July 7, 1995 TAG: 9507070418
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
TYPE: Digest
LENGTH: Short : 24 lines
The government's key gauge of economic growth for the coming six months fell in May for the fourth month in a row, flashing a stronger warning that the economy could be headed for a recession. The index of leading economic indicators, a compilation of already reported figures that predict future economic activity, fell 0.2 percent in May, dragged down by rising unemployment and slower deliveries to manufacturers. ``The fourth consecutive decline is clearly a red flag,'' said Lynn Reaser, chief economist with First Interstate Bancorp in Los Angeles. Still, the report ``indicates more the weakness that we've seen recently than what's going to happen six months down the road,'' she said. (Bloomberg Business News) by CNB