U.S. leading indicator index suggests economy is gathering momentum

The index of U.S. leading economic indicators rose 1.3% in March, The Conference Board said Thursday.

All 10 components of the index were positive, suggesting economic momentum in the near term, said Ataman Ozyildirim, senior director of economic research at The Conference Board.

The firm now projects year-over-year growth could reach 6% in 2021, he said.

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