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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
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.

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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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