The US leading economic index rose in October, The Conference Board reported today. The index rose 0.9 percent in October to a reading of 105.2 (2004 = 100), following a 0.7 percent increase in September, and no change in August.

“The upward trend in the LEI points to continued economic growth through the holiday season and into early 2015,” said Ken Goldstein, economist at The Conference Board. “This is consistent with our outlook for relatively good, but not great, consumer demand over the near term. Going forward, there are continued concerns about slow business investment and lackluster income growth.”