Economic Index Up in May For Third Month in a Row
Commerce Dept repts composite index of leading econ indicators for May was at 95.9 ('67 equals 100), up 2.1% for 3d straight mo of gain; data provide Adm economists with what they call encouraging evidence of early and strong recovery; Asst Sec James L Pate comments; Apr gain is revised downward from 4.2% to 3%; May index is still 25% below peak in mid-'73; graph; McGraw Hill repts mfg, mining and utilities industries operated at 66% of capacity in May, down 1% from Mar and Apr, and 17.5% below yr-ago level (M)
