In this May 13, 2014 photo, Brian Moorman, of Russiaville, Ind., works on the line of a Chrysler transmission manufacturing facility in Tipton, Ind. The Conference Board reports on its index of leading economic indicators for April on Thursday, May 22, 2014. (AP Photo/AJ Mast)
Gauge of U.S. economy posts 0.4 percent April gain
By MARTIN CRUTSINGER
| The Associated Press
First Published May 22 2014 08:36 am • Last Updated May 22 2014 08:36 am
Washington • A gauge designed to predict the economy’s future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity.
The Conference Board says its index of leading indicators increased 0.4 percent in April following an upwardly revised 1 percent gain in March. The strength in April was led by improving housing and financial market conditions.
Conference Board economist Ken Goldstein says that stronger spending by consumers and higher business investment should bolster growth in coming months.
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