Outlook Turns Uncertain; Local Economic Indicators Project Cites Slowing Real Estate and Oil Prices as Factors

By Basch, Mark | The Florida Times Union, March 21, 2006 | Go to article overview
Save to active project

Outlook Turns Uncertain; Local Economic Indicators Project Cites Slowing Real Estate and Oil Prices as Factors


Basch, Mark, The Florida Times Union


Byline: MARK BASCH

The economic outlook for later this year is looking slower, according to indexes of local and national activity.

The Conference Board reported Monday that the U.S. Index of Leading Economic Indicators edged down 0.2 percent in February, the first decline after four months of increases.

Also, the University of North Florida's Local Economic Indicators Project reported that its index of leading indicators for the Jacksonville area fell in February for the fourth time in the last five months.

The indexes are designed to predict economic activity several months in advance.

Although the Jacksonville index has declined for four out of five months, the overall change in the index is "virtually nil," said UNF economist Paul Mason, who coordinates the LEIP project. The index fell 0.32 points to 110.39 last month.

"It is very unclear at this point what the index is implying, but what is clear is that the rollercoaster of oil prices and the slowing of the real estate markets are making the outlook uncertain for the remainder of this year," Mason said.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Outlook Turns Uncertain; Local Economic Indicators Project Cites Slowing Real Estate and Oil Prices as Factors
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?