April 19, 2010
SPENDING, NOT THE ECONOMY:
Leading Economic Indicators Index rises 1.4% in March (Bloomberg News, 4/19/10)
Posted by Orrin Judd at April 19, 2010 2:10 PMThe 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.
