LV economic forecasting gauge increases

Thursday, Oct. 21, 1999 | 11:44 a.m.

UNLV's Southern Nevada Index of Leading Indicators posted a gain of .51 percent this month, rebounding from a decline of .62 percent last month.

The university's Center for Business and Economic Research said the increase indicates no clear trend.

"The series in the index are evenly split between positive and negative contributions, reflective of the continued modest growth experienced this year," the UNLV center said.

Gasoline consumption, which increased 10 percent, contributed the most to the index's growth.

Based on data from August, the index is a forecast of the performance of the local economy in February.

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