US GDP is still on the rise

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The outlook for the US economy rose 0.1 percent in February from a month earlier. That is what research bureau Conference Board based on its index of leading indicators.

The indicator rose by 0.1 percent. Economists also expected an increase of 0.1 percent. In January, the index recorded an adjusted score of plus 0.7 percent.

Industrial activity around the American city of Philadelphia is shrinking this month.

According to the Federal Reserve of Philadelphia, the so-called Philly Fed index, which reflects activity, fell to minus 12.7 in March. That was plus 36.7 in February. The indicator is therefore at the lowest level since 2012.

Earlier this week, a similar industry benchmark came around New York. There was also a significant decline. The figures demonstrate the damaging effect of the coronavirus on the US economy.

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