The composite index of leading economic indicators grew 1.0% in December to a level of 112.4, the Conference Board reported Thursday.

The coincident index grew 0.2% in December to a 101.9 reading and the lagging index grew 0.3% to 108.4. The LEI has a baseline of 100, which reflects levels from 2004.

Economists polled by Thomson Reuters predicted LEI would be up 0.6% in December.

“The four-month rise suggests the economy now has some wind in its sails,” said board economist Ken Goldstein.

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