US Economy Gained Ground In February
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.
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