Economic index sees gains

New Hampshire-based e-forecasting’s U.S. leading economic index posted gains in November, rising by 0.7 percent to a reading of 109.7, following a decline of 0.2 percent in October.

According to e-forecasting, which has its headquarters in Durham, its index — known as eLEI – rose thanks to gins in four of the seven components – foreign demand, consumers’ forward-looking views, stock prices and new orders for manufactured goods. The negative performers were housing activity, technological change and interest rate spread.

For more information, visit e-forecasting.com.

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