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The Boston Globe

Business

Leading index signals US growth to pick up into 2014

WASHINGTON — The index of US leading indicators climbed in July by the most in three months, signaling improvements in housing and labor markets will help foster faster economic growth through the year’s-end.

The Conference Board’s gauge of the outlook for the next three to six months increased 0.6 percent after no change in June, the New York-based group said Thursday. Another report showed the fewest Americans since November 2007 filed applications for unemployment benefits in the past month.

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