Measure of US economy's health up 0.7 percent

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Associated Press

Posted on September 19, 2013 at 9:36 AM

Updated Thursday, Sep 19 at 10:03 AM

WASHINGTON (AP) — 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 percent in August, compared to July, when the index had risen 0.5 percent.

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

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