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Thursday, February 17, 2011

Leading Indicators Up Slightly in January

Marketwatch details:

The economy's expansion is expected to continue in coming months, though current conditions, which are slowly improving, remain weak, the Conference Board said Thursday as it reported that its leading economic index rose 0.1% in January.

Six of the 10 indicators included in the LEI made positive contributions in January, led by the interest rate spread. The largest negative contribution came from building permits. Economists polled by MarketWatch had expected the overall index to rise 0.2% in January.

Source: Conference Board