Suggesting the paltry economic growth in the first quarter may be temporary, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by much more than anticipated in April.
The Conference Board said its leading economic index advanced by 0.7 percent in April after climbing by an upwardly revised 0.4 percent in March.
Economists had expected the index to rise by 0.3 percent compared to the 0.2 percent increase originally reported for the previous month.
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