U.S. leading indicators perk up

08/22/2013 | Bloomberg

U.S. leading indicators jumped last month after a flat June, suggesting stronger growth in the next three to six months. The 0.6% rise in the Conference Board's index was driven by renewed lending and strong employment and stock markets. In addition, "one of the big underpinnings is obviously the housing market," said Tim Quinlan, an economist at Wells Fargo Securities in Charlotte, N.C.

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