NEW YORK, Dec. 19 (Xinhua) -- The leading economic index (LEI) for the United States was unchanged in November after three consecutive monthly declines, the New York-based Conference Board reported on Thursday.
The LEI remained unchanged at 111.6 in November, following a 0.2 percent decline in both October and September, showed the report.
"Strength in residential construction, financial markets, and consumers' outlook offset weakness in manufacturing and labor markets," said Ataman Ozyildirim, researcher at The Conference Board, in a statement.
"While the six-month growth rate of the LEI remains slightly negative, the index suggests that economic growth is likely to stabilize around 2 percent in 2020," Ozyildirim added.
The Conference Board coincident economic index (CEI) for the United States increased 0.4 percent in November to 106.8, following a 0.1 percent decline in October and a 0.1 percent increase in September.
Meanwhile, the lagging economic index (LAG) for the world's largest economy increased 0.5 percent in November to 108.7, following a 0.2 percent increase in October and a 0.1 percent increase in September.
The LEI is a weighted gauge of 10 indicators designed to signal peaks and troughs in the business cycle.
