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US leading index points to growth through winter

December 18, 2014

The US leading economic index rose in November, The Conference Board reported today. The index rose 0.6 percent in November to a reading of 105.5 (2004 = 100), following a 0.6 percent increase in October and a 0.8 percent increase in September.

“The increase in the LEI signals continued moderate growth through the winter season,” said Ken Goldstein, economist at The Conference Board. “The biggest challenge has been, and remains, more income growth. However, with labor market conditions tightening, we are seeing the first signs of wage growth starting to pick up.”