The composite index of leading economic indicators grew 1.0% in January, the Conference Board reported Thursday.
The coincident index grew 0.1% in January after a revised 0.3% gain in December, originally reported as a 0.2% increase, while the lagging index fell 0.1% after a revised 0.2% increase, originally reported as a 0.3% gain.
Leading indicators rose a revised 0.8% in December, originally reported as a 1.0% jump.
Economists predicted the LEI would be up 0.3% in the month.
“The economy gained some momentum in late fall, and the latest data suggest that trend will continue,” said Conference Board economist Ken Goldstein.
“The cumulative change in the U.S. LEI over the last six months is a sharp 3.0%, signaling continued expansion,” Goldstein added.