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US leading index edges up in December

January 23 2014

The U.S. leading economic index rose again in December, The Conference Board reported today. The index rose 0.1 percent in December to a reading of 99.4 (2004 = 100), following a 1.0 percent increase in November and a 0.1 percent increase in October.

“This latest report suggests steady growth this spring, but some uncertainties remain,” said Ken Goldstein, economist at The Conference Board. “Business caution and concern about unresolved federal budget battles persist, but the better-than-expected holiday season might point to sustained stronger demand and could put the U.S on a faster growth track for 2014.”

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