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Post by bot on Feb 20, 2015 16:30:16 GMT -5
U.S. leading economic indicators rise in January
WASHINGTON (MarketWatch) - Leading U.S. economic indicators edged up 0.2% in January but the index pointed to some moderation in growth, according to the Conference Board. "While the LEI suggests a positive short-term outlook in 2015, the lack of strong momentum in residential construction, along with a weak outlook for new orders in manufacturing, poses a downside risk for the U.S. economy," said Ataman Ozyildirim, economist at the nonprofit organization that produces the report. The coincident index, which measures current conditions, rose 0.2% in January. The lagging index increased 0.3%. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys
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