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5/22/2014 10:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Gain in US Leading Index Points to Q2 Rebound

The index of U.S. leading indicators rose in April for the fourth straight month, showing the economy will strengthen after a slowdown earlier this year.

The Conference Board’s index, a gauge of the outlook for the next three to six months, rose 0.4% after a revised 1% gain in March that was larger than previously reported, the New York-based group said May 22. The median forecast of 47 economists surveyed by Bloomberg News called for 0.4% advance.

The gain indicates the first-quarter slowdown was more the result of harsh weather than underlying weakness in the expansion.

Faster job growth that leads to a pickup in wages would help further boost consumer spending, which accounts for 70% of the economy.

“It’s a slow, still-uneven recovery, but still modest growth,” Kenneth Kim, an economist at Stone & McCarthy Research in Princeton, New Jersey, said before the report. “It’s kind of idling gains, not very strong.”

Estimates in the Bloomberg News survey ranged from gains of 0.2% to 0.6%.

By Bloomberg News

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