Leading Economic Indicators Rise for Seventh Month



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 Updated:
2/17/2011 10:10:00 AM

An index of leading economic indicators rose in January the seventh straight monthly increase, the New York-based Conference Board said Thursday.

The 0.1% increase for followed December’s revised 0.8% gain, but was short of economists’ forecasts of a 0.2% rise, 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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