India, Feb. 20 -- Reversing most of the gains from the previous two months, the Conference Board released a report on Thursday showing an unexpected decrease by its reading on leading U.S. economic indicators in the month of January.
The Conference Board said its leading economic index fell by 0.3 percent in January following a revised 0.1 percent uptick in December.
Economists had expected the leading economic index to come in unchanged compared to the 0.1 percent dip originally reported for the previous month.
"Consumers' assessments of future business conditions turned more pessimistic in January, which-alongside fewer weekly hours worked in manufacturing-drove the monthly decline," said Justyna Zabinska-La Monica, Senior Manager, Bus...