Tuesday, February 21, 2006

US economy still going strong

... as leading economic indicators continue to rise.

Feb. 21 (Bloomberg) -- An index of leading U.S. indicators rose for a fourth straight month as the labor market improved and manufacturing strengthened, pointing to faster economic growth.

The Conference Board's index for January rose 1.1 percent, the biggest gain since June, after December's revised 0.3 percent increase. The last time the index rose for more than three months in a row was in 2004.

Also playing a role were unexpectedly high retail sales, which could in part be contributed ot an unseasonably mild January nationwide. So Mother Nature, after nearly crippling the economy with Katrine and the other hurricanes, decided to give us a break.

Or maybe it's just global warming again.