The Conference Board’s US Leading Economic Index rose 1.0% in January to a reading of 108.1 (2016 = 100), following increases of 0.6% in December and 0.4% in November.

The US Leading Economic Index accelerated further in January and continues to point to robust economic growth in the first half of 2018, according to Ataman Ozyildirim, director of business cycles and growth research at The Conference Board.

“While the recent stock market volatility will not be reflected in the US LEI until next month, consumers’ and business’ outlook on the economy had been improving for several months and should not be greatly impacted,” Ozyildirim said. “The leading indicators reflect an economy with widespread strengths coming from financial conditions, manufacturing, residential construction and labor markets.”