Leading Indicators Index Rises 0.3% In January

While the Conference Board released a report on Thursday showing that its leading economic indicators index increased for the tenth consecutive month in January, the increase by the index was smaller than economists had been anticipating.

The report showed that the leading index increased by 0.3 percent in January following an upwardly revised 1.2 percent increase in December. The index had been expected to increase by 0.5 percent compared to the 1.1 percent growth originally reported for the previous month.

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