Washington • A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.
The Conference Board said Monday that its index of leading indicators increased 0.8 percent in March after a 0.5 percent rise in February and modest 0.2 percent gain in January. It was the best showing since a 0.9 percent gain in November.
Both hiring and consumer outlooks have improved, which along with interest rates fueled much of the index's improvement. That offset a negative contribution from building permits. The index looks at a series of different indicators to spot peaks and troughs in economic growth.