10:00AM U.S. leading indicators up 0.4% in Aug. by Rex Nutting
WASHINGTON (CBS.MW) -- The index of leading economic indicators rose 0.4 percent in August after climbing 0.6 percent in July, the Conference Board said Thursday. The index has risen four months in a row. "The economy is improving, although the road will likely remain bumpy," said Ken Goldstein, economist at the board. Four of the 10 leading indicators improved in August, led by interest rates, vendor performance, money supply and building permits. Five indicators fell. Over the past six months, the leading index is up 2.4 percent, with eight of 10 indicators improving. The lagging and coincident indexes were flat in August.
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