April 19, 2010

SPENDING, NOT THE ECONOMY:

Leading Economic Indicators Index rises 1.4% in March (Bloomberg News, 4/19/10)

The index of U.S. leading indicators rose in March by the most in 10 months, a sign the economy will keep growing into the second half of the year.

The 1.4 percent increase in the New York-based Conference Board's measure of the outlook for three to six months was more than anticipated and followed a revised 0.4 percent gain in February.

Manufacturers are ratcheting up production and factory workers are putting in longer hours as companies rebuild inventories and ship more goods overseas.

Posted by Orrin Judd at April 19, 2010 2:10 PM
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