By The Associated Press
ECONOMY WEAK: The Conference Board's index of leading economic indicators edged down 0.1 percent in August, the second decline in the past three months.
LESS CONFIDENCE, FEWER HOURS: The report noted that manufacturing orders, consumer confidence and average weekly manufacturing hours all slipped.
OUTLOOK: The index is intended to anticipate economic conditions three to six months out. The decline suggests growth will likely stay sluggish in the second half of the year.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.