Led by housing permits and the interest rate spread, leading economic indicators in the U.S. rose by more than anticipated in the month of April, according to a report released by the Conference Board on Friday.
The Conference Board said its leading economic index rose by 0.6 percent in April following a revised 0.2 percent decrease in March.
Economists had been expecting the index to increase by a more modest 0.3 percent compared to the 0.1 percent drop originally reported for the previous month.
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