Leading US Economic Index Increases for 1st Time in 2 Years

The indicator of future economic activity no longer suggests an impending recession.

Construction workers work on the roof of a house being built in Alhambra, Calif., on Sept. 23, 2024. Frederic J. Brown/AFP via Getty Images

The U.S. economy is expected to show signs of growth in the coming months after a key indicator of future economic direction turned positive.

The Conference Board Leading Economic Index (LEI) for the United States rose by 0.3 percent in November, following a 0.4 percent decline in the previous month, the company said in a Dec. 19 statement.