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Post by bot on Nov 8, 2013 0:27:12 GMT -5
Leading economic index up 0.7% in September
WASHINGTON (MarketWatch) -- The Conference Board's leading economic index grew 0.7% for the second month in a row in September. "The September LEI suggests the economy was expanding modestly and possibly gaining momentum before the government shutdown," said Ken Goldstein, economist at The Conference Board, in a statement. "Beyond the immediate fallout of the shutdown, the biggest challenge is whether relatively weak consumer demand, pinned down by weak wage growth and low levels of confidence, will recover during the final stretch of 2013 and into 2014."
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