RTTNews - Signs are pointing toward an improving economy down the road, according to an influential research report put out on Thursday.

Research group the Conference Board said its index of leading economic indicators rose 0.6 percent in July - its fourth consecutive month of gains.

Leading economic indicators are economic statistics that tend to move ahead of changes in the overall economy. They are considered a predictor of where the economy will go a few months in the future.

Positive trends for interest rates and signs of stabilization in the labor market are key reasons the leading indicator index advanced for the month.

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