The Conference Board Leading Economic Index® (LEI) for the U.S. rose 0.2 percent in January to 94.1 (2004 = 100), following a 0.5 percent increase in December, and no change in November.
Says Ataman Ozyildirim, economist at The Conference Board: “The U.S. LEI rose again in January, pointing to a slow but continued expansion in economic activity in the near term. Despite continued weakness in manufacturers’ new orders and consumer expectations, improvements in housing permits and financial components helped boost the LEI in January. Meanwhile, the CEI also advanced in January, despite the slight decline in industrial production. Both the LEI and CEI have experienced widespread gains among their components over the past six months.”