| Business

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

Gauge of economy's health edges up 0.2%

By The Associated Press
Thursday, Nov. 28, 2013, 12:01 a.m.

The Conference Board said on Wednesday that its index of leading indicators rose 0.2 percent in October to a reading of 97.5. It was the sixth gain in seven months and followed large gains in the previous two months.

The index is designed to signal economic conditions over the next three to six months.

Kathy Bostjancic, an economist with the Conference Board, said the recent gains point to stronger growth next year. The Conference Board forecasts that the economy will grow 2.3 percent in 2014, up from the anticipated 1.6 percent growth for this year.



Show commenting policy

Most-Read Business Headlines

  1. Rise in pickup truck sales a good sign for economy
  2. Auto review: Maserati Ghibli a sedan that awakens the senses
  3. Auto sales heat up in July on steep discounts
  4. Towing standard  finally set
  5. Fix-a-flat a remedy in a pinch
  6. Westinghouse wins deal to build nuclear power plant in Bulgaria
  7. Auto review: Grand Cherokee goes the distance
  8. Unemployment rate ticks up; 209K jobs added but less than expected
  9. HP to pay $32.5M to settle Postal Service dispute
  10. Hyundai recalls over 419K vehicles
  11. SEC closes probe of Citi mortgage bonds
Subscribe today! Click here for our subscription offers.