Risk Of Double-Dip Recession Rises Again

Jan. 13, 2005
By John S. McClenahen Just about the time people were beginning to accept the prospect of a prolonged and not terribly impressive U.S. economic recovery from the 2001 recession, along comes the possibility that the world's largest economy could ...
ByJohn S. McClenahen Just about the time people were beginning to accept the prospect of a prolonged and not terribly impressive U.S. economic recovery from the 2001 recession, along comes the possibility that the world's largest economy could contract again. For the fourth consecutive month, the index of leading economic indicators -- data that suggest what the U.S. economy is likely to be like in six months -- fell in September. The leading index fell 0.2% last month, twice the 0.1% decline it recorded in August, reports the New York-based Conference Board, a business research group. The leading index now stands at 111.6 (1996=100). Five of the 10 indicators that constitute the index -- including initial claims for unemployment insurance and manufacturers' new orders for non-defense capital goods -- declined in September. However, the Conference Board's index of "coincident" economic indicators argues against a "double-dip" U.S. recession. Holding steady at 115.1 (1996=100), the index continues to show "a weak economic recovery," says the Conference Board.

Popular Sponsored Recommendations

Service Lifecycle Management – Challenges and Opportunities

Feb. 18, 2024
Gain insights into the next wave of aftermarket optimization with Harvard Business Review’s whitepaper, in association with Tavant. Get an in-depth look at AI-powered Service ...

Executive Summary: Enterprise Resource Planning Manages Manufacturing Risk and Uncertainty in 2024

Jan. 4, 2024
Explore the future of manufacturing in 2024 by discovering how cloud-based ERP systems can help manufacturers thrive amidst supply chain disruptions and economic uncertainty.

Sprint Implementation for Digital Transformation

Feb. 1, 2024
Discover a revolutionary approach to digital transformation. Uncover the flaws in current methods that cause 70% project failure rate. Learn how sprint implementation can maximize...

Top 3 Ways AI is Transforming Manufacturing Operations

Feb. 17, 2024
Unlock the power of Industry 4.0 with AI and IoT. Explore how real-time data and automation are reshaping manufacturing, driving efficiency and quality to new heights. Dive into...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!