Leading Index Gain Signals U.S. Strengthening: Economy

The gauge of leading indicators rose more than forecast in November, underscoring the Federal Reserve’s view of an improving U.S. economy.

The Conference Board’s index, a measure of the outlook for the next three to six months, increased 0.8 percent after rising 0.1 percent in October, the New York-based group said today. Other reports showed sales of existing homes were restrained last month by the jump in mortgage rates, and claims for jobless benefits climbed last week, reflecting year-end distortions.