Sunday, August 20, 2006

Housing slowdown leads to economic index decline

The Business Journal of Phoenix - 11:56 AM MST Friday
by Mike Sunnucks
The Business Journal

A national economic index is on the decline as a slowed housing market in Phoenix and other major cities begins to take a toll on the overall economy.

The Conference Board's leading index declined slightly, down 0.1 percent in July with slowed housing permits being the main cause of the dip.

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