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USA: index of leading indicators falls in March

( - The index of leading indicators, which is supposed to predict the evolution of economic activity in the United States, fell again in March, according to the Conference Board, which sees this as a sign of slowing growth.

The precursor index fell by 0.3% last month, to 102.4, after rising by 0.2% in April, the employers' organization said in a press release on Thursday.

The ConfBoard cites a "fragile", even "recessionary" outlook for the US economy, which it considers penalized by rising household debt, high interest rates and persistent inflation.

In his view, growth should therefore tend to slow in the second half of the year, leading him to anticipate a deceleration in GDP growth in the second and third quarters.

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