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Index of leading indicators shows growth still weak

A measure of the U.S. economy intended to signal future activity rose only slightly last month, suggesting growth could stay weak.

Published: Nov. 22, 2012 at 12:05 a.m. PST
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A measure of the U.S. economy intended to signal future activity rose only slightly last month, suggesting growth could stay weak.

The Conference Board said Wednesday that its index of leading indicators increased 0.2 percent in October after a 0.5 percent gain in September. The index is intended to anticipate economic conditions three to six months out.

The strength in October came from lower interest rates, a drop in applications for unemployment benefits, and an increase in demand for large manufactured goods.

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