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WASHINGTON--Of the American economy the gathers steam as the year draws to a close, according to the index of a group of private industry economic indicators.

The Conference Board of what he calls the "leader" indicators measuring jumped 1.1% in November, the largest increase since March and fifth direct monthly gain.

Increase matches forecasts in a Reuters poll. Index level was now a new record of 112.4, said the research group.

"U.s. economy is showing some spark of life in late 2010," said Ken Goldstein, an economist at the company. "Indicators for pointing to a slight pick-up after a slow winter." Looking more to potential cloud on the horizon of medium-term include weakness in housing and employment. ?

U.S. gross domestic product increased by 2.5% in the third quarter, but which was not enough to lower the unemployment rate rose to 9.8% in November.

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