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The U.S. leading economic index rose again in November, The Conference Board reported today. The index increased 0.8 percent in November to a reading of 98.3 (2004 = 100), following a 0.1 percent increase in October and a 1.0 percent increase in September.
“November data reflect a U.S. economy that is expanding modestly, discounting some renewal in activity after the government shutdown,” said Ken Goldstein, economist at The Conference Board. “The coincident economic index shows the economy expanding at a relatively slow pace. The trend in the leading economic index is stronger, signaling for some time that the economy is developing forward momentum, and will continue to strengthen through early 2014.”