Leading Indicators Up in October
Nov. 20, 2006 -- Lower gas prices and improved consumer expectations pushed the index of U.S. leading economic indicators up by 0.2 percent in October, the Conference Board reported today.
Six of ten components of the monthly index, which rebounded in September after declines in previous months, made gains last month, including real money supply, stock prices, and average weekly manufacturing hours, among others, the New York-based private research group said.
The coincident index, a gauge of current economic conditions, also rose, by 0.1, the report said.
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