Good economic news: Leading indicators rise 0.9% in October

A gauge of future economic activity rose at solid pace in October, offering hope that the U.S. economy may see stronger growth in coming months.

The Conference Board reported Friday that its index of leading economic indicators rose 0.9% last month, significantly faster than the revised 0.1% rise in September and the 0.3% increase in August.

The economy, after growing at an anemic pace of just 0.9% in the first six months of the year, grew at a 2.5% rate in the July-September quarter. Some analysts are looking for even stronger growth in the current October-December quarter.

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- Posted: 2011-11-18 11:51:32

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