WASHINGTON (MarketWatch) — The U.S. is growing at a moderate pace and is likely to do so through early 2017, according to an index that measures the nation’s economic health.
The leading economic index rose 0.1% in November after a 0.2% gain in the prior month, the Conference Board said Friday.
“Although its six-month growth rate has moderated, the index still suggests that the economy will continue expanding into early 2017,” said Ataman Ozyildririm, economist at the board.
A measure of current economic conditions rose 0.1%. A “lagging” index increased 0.2%.
The LEI is a gauge of 10 indicators designed to signal business-cycle peaks (expansions) and valleys (recessions).