The Conference Board Leading Economic Index for the U.S. increased 0.2 percent in January to 121.1 (2010 = 100), following a 0.4 percent increase in December, and a 0.3 percent increase in November.

“The U.S. Leading Economic Index increased again in January, but its pace of growth has moderated in recent months,” said Ataman Ozyildirim, economist at The Conference Board. “While the LEI suggests a positive short-term outlook in 2015, the lack of strong momentum in residential construction, along with a weak outlook for new orders in manufacturing, poses a downside risk for the U.S. economy.”

The Coincident Economic Index increased 0.2 percent in January to 111.6 (2010 = 100), following a 0.2 percent increase in December and a 0.5 percent increase in November.

The Lagging Economic Index increased 0.3 percent in January to 115.3 (2010 = 100), following a 0.3 percent increase in both December and November.