Leading Economic Indicators Index in U.S. Rose 1.4%

[NJmaverick]

Source: Bloomberg

April 19 (Bloomberg) -- The index of U.S. leading indicators rose in March by the most in 10 months, a sign the economy will keep growing into the second half of the year.

The 1.4 percent increase in the New York-based Conference Board’s measure of the outlook for three to six months was more than anticipated and followed a revised 0.4 percent gain in February.

Manufacturers are ratcheting up production and factory workers are putting in longer hours as companies rebuild inventories and ship more goods overseas. Further improvement in the job market is needed to help sustain the economy’s recovery from the worst recession since the 1930s.

“It’s one of the indicators signaling a very rapid pace of expansion,” said Zach Pandl, an economist at Nomura Securities International Inc. in New York, who correctly forecast the gain in the leading index. The figure “certainly offers hope that the recovery may be more swift,” he said.

Read more: http://www.bloomberg.com/apps/news?pid=20601103&sid=a.0XkrluprO4

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Much more at the link

[denverbill]

1. Good news for America. Limbaugh must be despondent though. n/t

[NJmaverick]

2. I am sure he and the rest of the right wingnuts and teabaggers are more than upset

[groundloop]

3. Poor Rush - President Obama is ruining all his talking points

Well, on second thought I'd guess Limpballs is plenty busy fabricating lies about the upcoming financial regulations.

[Donnachaidh]

4. shiny keys n/t

[eridani]

5. Not relevant due to high unemployment n/t