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Leading indicators index rises

September 22, 2009|Times Wire Reports

The Conference Board said its index of leading indicators rose 0.6% in August. That follows a 0.9% gain in July, revised up from 0.6%. Economists surveyed by Thomson Reuters had expected a 0.7% gain last month.

The indicators are designed to project economic activity in the next three to six months. The August results support many analysts' projections that the economy started growing again in the current July-September quarter and will continue to gain in the fourth quarter.

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