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National business briefs for May 23, 2014

National business briefs for May 23, 2014
By The Associated Press Published: May 22, 2014

U.S. economy posts gain

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