The U.S. index of leading indicators snapped a five-month losing streak and edged up 0.2% in November.
The U.S. Conference Board said today that its index of leading indicators gained last month to 115.2 after slipping for five consecutive months, including a revised fall of 0.4% in October, which had been initially reported as a 0.3% slide.
“It is too early to conclude that the recent weakness in the leading index was only a pause in the rising trend, but to date the decline was not large enough and did not persist for long enough to signal an end to the current economic expansion,” the Conference Board said, in a release.
Six of 10 components of the leading indicators gauge rose in November, including stock prices, money supply and consumer expectations.
The coincident index of current economic activity rose 0.1% in November to 118.5, with all four index components gaining, the Conference Board said.
Meanwhile, the index of lagging indicators dipped 0.1% to 98.3.