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US Economy Gained Ground In February

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WASHINGTON (AP) — A measure of the U.S. economy’s health rose in February by the largest amount in three months, suggesting growth should rebound following a severe winter.

The Conference Board says its index of leading indicators increased 0.5 percent in February following a slight 0.1 percent rise in January and a 0.1 percent decline in December. It was the best showing since a 0.9 percent gain in November.

Conference Board economists say the better-than-expected increase indicates any weather-related problems the economy is experiencing now will be short-lived and the economy will be poised for better growth in the second half of this year.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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