The composite of the Leading Economic Index was up 0.2% in November following a downwardly revised 0.3% drop in October, first reported as a 0.1% increase, the Conference Board said Thursday.
The coincident index rose 0.2% in November after a 0.1% rise in October, while the lagging index grew 0.4% in November, after a 0.5% increase in October.
The LEI stands at 111.8, the coincident index is at 104.9 and the lagging index is at 106.0. The LEI has a baseline of 100, which reflects the level in 2016.
Economists polled by IFR Markets predicted LEI would be up 0.1% in the month.
“The LEI increased slightly in November, but its overall pace of improvement has slowed in the last two months,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Despite the recent volatility in stock prices, the strengths among the leading indicators have been widespread. Solid GDP growth at about 2.8 percent should continue in early 2019, but the LEI suggests the economy is likely to moderate further in the second half of 2019.”
