WASHINGTON – An index designed to predict the future health of the economy rose in October at the fastest pace in three months.
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The Conference Board says its index of leading indicators increased 0.9 percent last month following a 0.7 percent rise in September, which had been initially reported as a slightly stronger 0.8 percent increase. The October reading was the best showing since a 1.2 percent jump in July.
Conference Board economist Ken Goldstein says the October performance points to continued economic growth through the holiday season and into early 2015.