The composite index of Leading Economic Indicators was up 0.6% in February following an unrevised 0.6% increase in January, the Conference Board reported Friday.
The coincident index gained 0.3% in February after an unrevised 0.1% rise in January, while the lagging index rose 0.2% after a revised 0.2% rise in January, first reported as a 0.3% increase.
The LEI stands at 126.2, the coincident index is at 114.9 and the lagging index is at 123.5 The LEI has a baseline of 100, which reflects the level in 2010.
Economists polled by Thomson Reuters predicted LEI would be up 0.4% in the month.
"After six consecutive monthly gains, the U.S. LEI is at its highest level in over a decade," said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. "Widespread gains across a majority of the leading indicators point to an improving economic outlook for 2017, although GDP growth is likely to remain moderate. Only housing permits contributed negatively to the LEI in February, reversing gains over the previous two months."
