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6/19/2014 10:10:00 AM Write a Letter to the Editor Write a letter to the Editor

Leading Economic Indicators Rise for Fourth Month

The index of U.S. leading indicators rose in May for the fourth straight month, showing the economy will gain momentum after a slowdown at the start of 2014.

The Conference Board’s gauge, a measure of the outlook for the next three to six months, increased 0.5% after a 0.3% gain in April, the New York-based group said June 19. The median forecast of 44 economists surveyed by Bloomberg News called for a 0.6% advance.

“The economy has some momentum,” said Ryan Sweet, a senior economist at Moody’s Analytics Inc. “Housing is a drag, but the financial components should provide some lift.”

Estimates in the Bloomberg survey ranged from gains of 0.2% to 0.8%. The April reading initially was reported as a 0.4% increase.

“The economy is finally moving up from a 2 % growth trend to a more robust expansion,” Ken Goldstein, economist at the Conference Board, said in a statement. “Going forward, the biggest challenge is to sustain the rise in income growth, which will drive consumption.”

By Bloomberg News

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