The composite index of Leading Economic Indicators was up 0.2% in January following a revised 0.4% rise in December, first reported as a 0.5% climb, the Conference Board reported Thursday.
The coincident index gained 0.2% in January after an unrevised 0.2% rise in December, while the lagging index grew 0.3% after an unrevised 0.3% rise in December.
The LEI stands at 121.1, the coincident index is at 111.6 and the lagging index is at 115.3 The LEI has a baseline of 100, which reflects the level in 2010.
Economists polled by Thomson Reuters predicted LEI would grow 0.3% in the month.
"The U.S. Leading Economic Index increased again in January, but its pace of growth has moderated in recent months," said Ataman Ozyildirim, an economist at The Conference Board. "While the LEI suggests a positive short-term outlook in 2015, the lack of strong momentum in residential construction, along with a weak outlook for new orders in manufacturing, poses a downside risk for the U.S. economy."
