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Leading Indicators Point to Faster U.S. Growth
The U.S. index of leading economic indicators, a gauge of future growth, rose a relatively significant 0.5% to 93.9 last month, the New York City-based Conference Board says.
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The U.S. index of leading economic indicators, a gauge of future growth, rose a relatively significant 0.5% to 93.9 last month, the New York City-based Conference Board says.
The increase came from an increase in building permits and a decline in new claims for unemployment benefits, according to the research group. It says the latest data suggest that faster economic growth is now more likely than it was a few months ago.
The board's index of current economic activity rose 0.2%.
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