Economics
Rise in Leading Index Signals U.S. Expansion Into 2013
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The index of U.S. leading indicators rose in December by the most in three months, signaling stronger housing and job markets will help the world’s largest economy make more progress in the first half of 2013.
The Conference Board’s gauge of the outlook for the next three to six months increased 0.5 percent after no change in November, the New York-based group said today. Other reports showed claims for jobless benefits unexpectedly dropped, manufacturing picked up and consumer confidence waned.