LV forecasting gauge declines

The decline follows a five-month upward trend.

Based on February 1999 data and a forecast for the local economy's performance in August, seven of the 10 series in the index fell.

Gaming revenue was down more than 19 percent from January, gasoline consumption was off more than 21 percent and the value of commercial construction permits fell 18 percent.

Taxable sales, McCarran International Airport traffic and convention attendance were the only positive or neutral contributors to the index.

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