News Summary: Gauge of US economy’s outlook rises

Posted at: 08/22/2013 11:05 AM
By The Associated Press

STRONGER GROWTH: A measure of the U.S. economy’s future health rose in July, pointing to stronger growth in the second half of the year.

THE NUMBERS: The Conference Board says its index of leading indicators increased 0.6 percent last month to a reading of 96.0. The gauge is designed to anticipate economic conditions three to six months out.

OUTLOOK: The economy grew at an annual rate of 1.4 percent from January through June. Many economists expect growth could improve to a 2.5 percent rate in the second half of 2013.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

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