BUSINESS

Measure of US economy's health rose 0.7 per cent in August in sign of stronger growth

09/19/2013 10:13 EDT | Updated 11/19/2013 05:12 EST
WASHINGTON - A gauge of the U.S. economy's health posted a solid gain in August in a sign of stronger growth in coming months.

The Conference Board says that its index of leading indicators increased 0.7 per cent in August, compared to July, when the index had risen 0.5 per cent.

Conference Board economist Ken Goldstein says the two months of gains pointed to "more pep" in the pace of economic activity.