The Conference Board Leading Economic Index rose 0.1% in January to 112.3, following a 0.8% rise in December and a 1.1% increase in November.

“The economy gained some momentum in late fall, and the latest data suggest that trend will continue,” said Ken Goldstein, an economist with The Conference Board. “The cumulative change in the U.S. Leading Economic Index over the last six months is a sharp 3.0%, signaling continued expansion.”

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