Suggesting solid economic growth will continue into the first half of 2018, the Conference Board released a report on Thursday showing a slightly bigger than increase by its index of leading U.S. economic indicators in the month of November.
The Conference Board said its leading economic index climbed by 0.4 percent in November after jumping by 1.2 percent in October. Economists had expected the index to rise by 0.3 percent.
"In recent months, unemployment insurance claims have returned to pre-hurricane levels," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board.
He added, "In addition, improving financial indicators, new orders in manufacturing and historically high consumer sentiment have propelled the U.S. LEI even higher."
The report said the coincident economic index rose by 0.3 percent in November, matching the increase seen in October.
The lagging economic index also inched up by 0.1 percent in November following a 0.3 percent increase in the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.