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NEW YORK (AP) - The U.S. economy is likely to grow modestly in the coming months despite the slump in housing and autos, a gauge of future economic activity showed on Tuesday.
The Conference Board said its index of leading economic indicators — designed to forecast economic activity over the next three to six months — rose 0.1 percent last month.
The reading was below the revised 0.6 reading from December and lower than the 0.2 percent rise economists were expecting. The index stood at 138.5 versus a revised 138.3 in December.
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