Leading economic indicators rise in November
A gauge of future U.S. economic activity marched higher in November, suggesting the recovery continues to gain steam.
The Conference Board said Thursday its Leading Economic Index rose 0.8 percent to 98.3 last month after rising a revised 0.1 percent in October. Economists polled by Reuters had expected a 0.7 percent November gain.
"The LEI continues on a broad-based upward trend, suggesting gradually strengthening economic conditions through early 2014,'' said Ataman Ozyildirim, economist at The Conference Board.