Leading Economic Indicators Gain for Second Month

Click here to write a Letter to the Editor.

he index of U.S. leading economic indicators rose for a second straight month in November, the New York-based Conference Board reported Thursday.

The 0.5% gain followed a revised 1% rise in October, the Conference Board said.

October’s increase had originally been reported as a 0.9% uptick and was the highest since June.

he LEI index, which measures the likely performance of the U.S. economy over the next three to six months, is closely watched by trucking companies because it forecasts business activity for the next three to six months.

Seven of 10 segments that make up the LEI rose, the Conference Board said. Jobless claims declines added the most to the index’s gain.