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Economy in recession according to report { July 2006 }

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   http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-08-31T142309Z_01_NYH000247_RTRIDST_0_ECONOMY-CHICAGO-RECESSSION-URGENT.XML

http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-08-31T142309Z_01_NYH000247_RTRIDST_0_ECONOMY-CHICAGO-RECESSSION-URGENT.XML

U.S. economy could be in recession -report
Thu Aug 31, 2006 10:23 AM ET

NEW YORK, Aug 31 (Reuters) - The U.S. economy may be in recession, based on Midwest manufacturing data, a report said on Thursday.

According to Kingsbury International, a partner of NAPM Chicago which puts out The National Association of Purchasing Management-Chicago business barometer, "the U.S. economy could be in a recession at this time."

"In four of the last five recessions, the slowing of the Chicago business barometer signaled a recession either one or two years later", the report said.



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© Reuters 2006. All rights reserved.




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