The composite index of Leading Economic Indicators was unchanged in November following an unrevised 0.1% increase in October, the Conference Board reported Thursday.
The coincident index gained 0.1% in November after a revised 0.2% gain in October, first reported as a 0.1% increase, while the lagging index rose 0.3% after an unrevised 0.2% rise in October.
The LEI stands at 124.6, the coincident index is at 114.6 and the lagging index is at 123.2 The LEI has a baseline of 100, which reflects the level in 2010.
Economists polled by Thomson Reuters predicted LEI would be up 0.2% in the month.
"The U.S. Leading Economic Index continued on an upward trend through 2016, although at a moderate pace of growth," said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. "The underlying trends in the LEI suggest that the economy will continue expanding into the first half of 2017, but it's unlikely to considerably accelerate. Although the industrial and construction indicators held the U.S. LEI back in November, the weakness was offset by improvements in the interest rate spread, initial unemployment insurance claims, and stock prices."
