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"A decline in a key gauge of U.S. economic activity amplifies doubts about whether the recovery can maintain the strong pace it showed in the first quarter, analysts say."
"The New York-based Conference Board said yesterday that its index of leading economic indicators fell by 0.4 per cent in April, the first time it has declined since September, suggesting a recovery that remains quite sluggish."
"The drop brings the index to 111.7, following a 0.1-per-cent rise in March. Analysts had forecast a 0.1-per-cent decrease for April."
"Economists said the decline in the leading indicators does not signal a reversal of the recovery, and downplayed the danger of that scenario. But the report does hint at continued underlying weaknesses that could temper the pace of growth, they said."
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