TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Index of indicators rises, showing economic 'pep'

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Thursday, Sept. 19, 2013, 7:33 p.m.
 

WASHINGTON — A gauge of the economy's health posted a solid gain in August in a sign of stronger growth in coming months.

The Conference Board said on Thursday that its index of leading indicators increased 0.7 percent in August, compared to July, when the index had risen 0.5 percent.

Conference Board economists said that the solid gains in July and August were a good sign after an earlier slowdown.

“The latest reading points to more pep in the pace of economic activity in the near term,” said Conference Board economist Ken Goldstein. “One unknown is how resilient confidence will remain, both consumer and business, given the mixed signals from the housing and labor markets.”

Goldstein said it's unclear whether confidence will be affected by the upcoming debates over passing a federal budget to avoid a government shutdown and raising the debt ceiling to avoid a market-rattling default on the government's debt.

The gain in the index in August was driven by strength in the labor market and financial sectors as well as by rising manufacturing orders. There was weakness in residential construction and consumer expectations.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Shell shovels millions into proposed Beaver County plant site
  2. Muni bond funds stressed
  3. FirstEnergy to build coal waste processing facility in Beaver County
  4. Extended oil slump takes toll
  5. Companies hand out perks, benefits instead of pay raises
  6. Off-duty but on call: Suits seek overtime
  7. When it comes to home ownership, Hispanics finding locked doors
  8. Small business hangs on fate of Export-Import Bank
  9. $2-per-gallon gas expected by year’s end, but not in Western Pa.
  10. Chevy tweaks its truck remake
  11. Of Caitlyn Jenner and workplace restrooms