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Economic gauge rises 0.4 percent in December, giving cautious optimism for 2012

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WASHINGTON (AP) -- A gauge of future economic activity rose in December, providing evidence the economy was gaining strength as the year ended.

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The Conference Board said today that its index of leading economic indicators rose 0.4 percent last month following a revised 0.2 percent increase in November and a revised 0.6 percent gain in October.

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