An index of leading economic indicators increased 0.1% in December after a 1% rise in November that was higher than originally reported, the New York-based Conference Board said Jan 23.
The increase was lower than economists' medium forecast of a 0.2% rise, Bloomberg News reported.
"It's still consistent with a stronger economy in 2014," Scott Anderson, chief economist at Bank of the West, told Bloomberg. "We expect a healthier consumer, better business spending and somewhat faster job growth."
The LEI is closely watched by trucking companies because it forecasts business activity for the next three to six months.
Source:
http://www.ttnews.com/articles/basetemplate.aspx?storyid=33981&t=Index-of-Leading-Economic-Indicators-Rises-in-December
