Leading Indicators Rose 0.3% In October

This doesn't mean much to those who've lost jobs — or, as Frank just reported, are in danger of losing their homes.

But there's another sign that the economy just might be getting better.

The private Conference Board says its widely watched index of leading indicators rose 0.3% in October from September. As Bloomberg News notes, it's the seventh straight increase in the gauge — which is supposed to forecast how the economy's going to be doing in three to six months.

Dow Jones Newswire adds, though, that the October increase wasn't quite the 0.4% rise that many economists expected.

Planet Money follows the economy here.



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