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Post by bot on Feb 21, 2014 6:34:34 GMT -5
WASHINGTON (MarketWatch) -- The economy should "remain resilient" in the first half of this year, with underlying conditions improving, the Conference Board said Thursday as it reported that its leading economic index rose 0.3% in January. "The pace is somewhat held back by persistent and severe inclement weather in most parts of the country," said Ken Goldstein, an economist at the board. "If the economy is going to move on to a faster track in 2014 compared to last year, consumer demand and especially investment will need to pick up significantly from their current trends." The LEI is a weighted gauge of 10 indicators designed to signal business cycle peaks and troughs. There was no change in the LEI in December.
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