Updated:
6/17/2011 10:45:00 AM
An index of leading economic indicators rebounded in May, climbing 0.8% after dropping for the first time in almost a year, the New York-based Conference Board said Friday.
The drop follows a revised 0.4% decline in April, the group said.
Economists had forecast a 0.3% gain, Bloomberg reported.
The LEI is closely watched by trucking companies because it forecasts business activity for the next three to six months.
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