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cheapbag214s · Posted: Thu 4:35, 31 Oct 2013 Post subject: the financial indicators

India's leading economic indicators down for fifth month of past eight
MUMBAI,[url=http://www.supratksocietyvip.com/]cheap supra shoes[/url], Sept. 26 () -- India's leading economic indicators dropped for the fifth month out of the past eight in August, the Conference Board said Thursday.The index,[url=http://www.supratksocietyvip.com/]supra tk society[/url], which assigns 2004 a base value of 100, fell 1.6 percent to 175.7.In the month, three of eight components in the headline index fell, the Conference Board said."The LEI for India fell in August, continuing its downward trend which started in early 2011," said Conference Board Economist Jing Sima in a statement."While bank credit and exports have improved recently, the financial indicators, as well as capital goods production, have declined. Persistent and widespread weakness in the LEI in the last six months continue to push the growth rate further into negative territory, and offer little hope for a sustainable acceleration in economic growth in the near term," Sima said.The Conference Board said India's Coincident Economic Index, which measures current economic conditions, fell 0.6 percent in the month to 205 after rising 4 percent in July.