Bellwether indicators hint end of recession

The Commerce Department reported Wednesday that its index of leading economic indicators rose in May for the third consecutive month, a trend the White House says could signal the end of the recession.

The Reagan administration is counting on a 10 percent cut in personal income taxes and a 7.4 percent increase in social security payments, both scheduled to take effect today (July 1), to spur economic recovery. The index, designed to forecast economic trends, was up 0.3 percent last month.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Bellwether indicators hint end of recession
Read this article in
https://www.csmonitor.com/1982/0701/070119.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us