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October 18, 2012 10:15 AM, EDT

Leading Economic Indicators Post Biggest Gain in Seven Months

An index of leading economic indicators rose 0.6% in September, the most in seven months, the New York-based Conference Board said Thursday.

The rise followed a revised 0.4% drop in August. Economists had forecast a 0.2% rise, Bloomberg reported.

The LEI is closely watched by trucking companies because it forecasts business activity for the next three to six months.