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Leading economic indicators decline 0.2% in August

A man carries a big screen TV out of a Best Buy in Fairfax, Virginia.
Paul J. Richards | AFP | Getty Images
A man carries a big screen TV out of a Best Buy in Fairfax, Virginia.

The Conference Board's Leading Economic Index for the United States declined 0.2 percent in August to 124.1.

That decline followed a 0.5 percent increase in July, and a 0.2 percent increase in June, The Conference Board said in a release Thursday.

"While the U.S. LEI declined in August, its trend still points to moderate economic growth in the months ahead," Ataman Ozyildirim, director of business cycles and growth research at The Conference Board, said in the release.

He also said that weakening in nonfinancial indicators, such as those for labor markets, more than offset positive contributions from financial indicators, "suggesting some risks to growth persist."