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Gauge of economy's health edges up 0.2%

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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.

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