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ECONOMY: Index suggests activity is firming up

North County Times--The University of San Diego said Thursday that its Index of Leading Economic Indicators rose 0.3 percent in May, to 101.2, following a 0.2 percent rise in April. Consumer sentiment, stock prices, local construction activity and national economic conditions buoyed the index, while measures of hiring and layoffs continued to weigh on it. The index's six components measure economic data, though the index itself is an artificial number. (Full Story)