The composite index of leading economic indicators gained 1.1% in December, its ninth straight gain, the Conference Board reported yesterday.

LEI increased a revised 1.0% in November, originally reported as a 0.9% increase.

The coincident index was up 0.1% in December after a revised 0.1% rise in November, which was originally reported as a 0.2% gain.

Meanwhile, the lagging index fell 0.2% after a revised 0.5% decline in November, which was originally reported as a 0.4% drop.

Economists polled by Thomson Reuters predicted LEI would be up 0.7% in the month.

“The indicators point to an economy in early recovery,” board economist Ken Goldstein said in a statement.

“The coincident economic index shows slow expansion of economic activity through December. The leading economic index suggests that the pace of improvement could pick up this spring.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.