An indicator of U.S. economic activity jumped in April, widely surpassing analyst expectations and suggesting that the weaker growth in the first quarter may be over. (Tweet this)
The Conference Board said Thursday its Leading Economic Index rose 0.7 percent to 122.3 in April following a 0.4 percent increase in March, and a 0.2 percent decline in February. Analysts polled by Thomson Reuters had forecast the leading economic index to increase by 0.3 percent in April.
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