By Patrick Rizzo
Another day, another piece of upbeat news for the U.S. economy.
The economy appears to be gathering some strength and could pick up speed in the winter, according to a widely watched gauge of future business activity?released Friday.
The Conference Board Leading Economic Index rose 0.9 percent in October, up sharply from a 01, percent increase in September and a 0.3 percent rise in August. The private research group said much of the increase was due to a rise in building permits for future construction.
?The LEI is pointing to continued growth this winter, possibly even gaining a little momentum by spring. The lack of confidence has been the biggest obstacle in generating forward momentum, domestically or globally. As long as it lasts, there is a glimmer of hope,? said Conference Board economist Ken Goldstein in a statement.
The data follow other somewhat upbeat signals for the economy recently. Jobless claims have been trending down, manufacturing activity has increased and inflation is low.
?
dragonfly courtney stodden drake take care herman cain accuser herman cain accuser election day kawasaki disease
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.