Gauge of US economy rises 0.6 percent in November

Source: AP-Excite

By MARTIN CRUTSINGER

WASHINGTON (AP) — An index designed to predict the future health of the economy posted a third straight solid gain in November.

The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month, matching the revised October gain. The October reading had originally been reported as a 0.9 percent increase. The index rose 0.8 percent in September after being unchanged in August.

Conference Board economists say the widespread gains in the leading index are pointing to strong underlying conditions in the U.S. economy that should propel growth through the winter.

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In this Monday, Dec. 15, 2014 photo, workers return from a lunch break to a subdivision under construction in Coppell, Texas. The Conference Board releases leading indicators for November on Thursday, Dec. 18, 2014. (AP Photo/LM Otero)


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