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Leading Economic Indicators Rise for Sixth Month
An index of leading economic indicators rose 1% in September, marking the sixth straight increase, the New York-based Conference Board said Thursday.
The increase followed a revised 0.4% increase in August that was lower than originally reported, the group said.
The last six months mark the biggest six-month gain in the index in 26 years.
The September LEI index was projected to rise 0.8%, Bloomberg reported.
The LEI is closely watched by trucking companies because it forecasts business activity for the next three to six months.
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