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December 20, 2012 10:05 AM, EST

Leading Economic Indicators Rise 0.2%

An index of leading economic indicators rose 0.2% in October, the New York-based Conference Board said Wednesday.

The rise followed a revised 0.5% gain in September. Economists had forecast a 0.1% rise, Bloomberg reported.

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