New York, NY, Nov. 20--A closely watched gauge of future economic activity rose 0.4 percent in October, suggesting continued growth in the coming year.
The Conference Board said that its Composite Index of Leading Economic Indicators increased to 113.6 last month after showing no change in September and a 0.4 percent rise in August. September's figure was revised upward from an initially reported 0.2 percent dip.
Ken Goldstein, the group's economist, said in a statement accompanying the report that the data "point to continued economic growth in the next year."
