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Published: Saturday, 8/18/2012

Economic indicators gain 0.4% in month


WASHINGTON -- The Conference Board said Friday that its index of leading economic indicators, a measure of future U.S. economic activity, increased 0.4 percent in July after falling 0.4 percent in June.

The gain was propelled by improvements in a number of components, the largest being a big jump in applications for housing permits and a decline in unemployment-benefits applications.

The rebound put the index at 95.8, matching its May level, which had been the highest reading in four years.

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