Leading Indicators Index in U.S. Rises More Than Forecast
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The index of U.S. leading indicators climbed in April, a rebound from March that suggests the world’s largest economy will accelerate later this year.
The Conference Board’s gauge of the outlook for the next three to six months climbed 0.6 percent in April after falling a revised 0.2 percent in March that was steeper than previously reported, the New York-based group said today. The median forecast of economists surveyed by Bloomberg called for a 0.2 percent increase.