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WASHINGTON-Private economists generally agree that a mild recovery is imminent, based on a government report that its main economic harometer has risen for the sixth time in the last seven months
Commerce Department officials said Tuesday the Index of Leading indicators a measure of future economic activity rose 0.2 percent in October The department said it made a mistake earlier in the day when it reported the increase was 0.6 percent.
Robert Sinche, cheif economist at the investment firm of Bear, Stearns & Co in NewYork, said viewed the steady improvement in leading indicators as clear evidence that the economy was headed low and mild recovery.
"There are indications from our own analysis that the November increase will be pretty substantial." Since he said.
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