The Conference Board’s leading economic index for the U.S. rose 0.2% in November to 111.8 (2016 = 100), after it fell 0.3% in October and rose 0.6% in September.
“The LEI increased slightly in November, but its overall pace of improvement has slowed in the last two months,” Ataman Ozyildirim, director of economic research at The Conference Board, said in a statement.
Ozyildirim added, “Despite the recent volatility in stock prices, the strengths among the leading indicators have been widespread. Solid GDP growth at about 2.8% should continue in early 2019, but the LEI suggests the economy is likely to moderate further in the second half of 2019.”
The Coincident Economic Index for the U.S. rose 0.2% in November to 104.9 (2016 = 100), after it had risen 0.1% in October and 0.2% in September.