WASHINGTON — A gauge designed to predict the economy’s future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity. The Conference Board said Thursday that its index of leading indicators increased 0.4 percent in April following an upwardly revised 1 percent gain in March. The strength in April was led by improving housing and financial market conditions. The overall economy grew at a barely discernible 0.1 percent rate in the January-March quarter but many analysts expect growth will bounce back to an annual rate over 3.5 percent in the current April-June quarter.
From Wire Reports