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Leading Economic Indicators Drop
By THE ASSOCIATED PRESS

Filed at 4:00 p.m. ET

NEW YORK (AP) -- A forecast of the U.S. economy's direction pointed southward in March, indicating more slow growth, as consumers and businesses were fixated on the war.

But with the conflict virtually over, preliminary data for April were more promising -- holding out hope for a possible turnaround later this year.

The New York-based Conference Board said its Index of Leading Economic Indicators, which measures where the economy is headed in the next three to six months, fell by 0.2 percent last month to 110.6. That was in line with analysts' expectations and followed a revised drop of 0.5 percent in February and an 0.1 percent increase in January.
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