Leading Indicators Rise in September

By: Associated Press Email
By: Associated Press Email

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A private industry group says the economy's health improved for the first time in five months in September as interest rate spreads, supplier deliveries and new orders strengthened.

The New York-based Conference Board said Monday its monthly forecast of future economic activity rose 0.3 percent, a better reading than the 0.2 percent drop expected by Wall Street economists surveyed by Thomson/IFR.

"Data on hand reflect a contracting economy, but not one in free fall," said Ken Goldstein, a labor economist at the Conference Board.

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