The dollar fell against most currencies after the Government reported slower-than-expected economic growth.

The dollar was also depressed by a Government report showing the index of leading economic indicators declined 1.2 percent last month, pointing to slower-than-expected economic growth, they said.

But the modest investment reflects the difficulty the company has faced in finding a suitable project and reflects the market's slower-than-expected growth.

Even as the combination of slower-than-expected growth and higher-than-expected inflation has taken many observers by surprise, some economists noted that the current slowdown has a familiar feel to it.

The slip, he said, could be attributed to slower-than-expected growth in Microsoft's mainstay personal-computer software - the Windows operating system and Office suite of applications.

The dollar ended higher against most major currencies yesterday despite a Government report showing slower-than-expected economic growth in the second quarter.

In the bond market, prices were higher and yields, which move in the opposite direction, lower, as many investors concluded that slower-than-expected growth would put less pressure on interest rates.

The decline in consumer confidence and slower-than-expected growth in Midwest manufacturing sent the Dow Jones industrial average down 24.96 points, to 10,425.04.

Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher.

Analysts said the slower-than-expected growth was a result of slowing consumer sales and shortages of microprocessors.