Economic Report: Another strong gain in leading indicators points to U.S. economy picking up speed

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The U.S. economy is accelerating, according to the leading economic indicators.

A broad measure of U.S. economy posted another large increase in August, the latest in a string of strong readings that point to faster growth in the months ahead.

The leading economic index jumped 0.4% last month to cap off a summer of high readings, the Conference Board said Thursday.

“The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up,” said Ataman Ozyildirim, director of business cycles and growth research at the board.

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