The Conference Board Leading Economic Index for the U.S. increased 0.1 percent in October to 124.5, following a 0.2 percent increase in September, and a 0.2 percent decline in August.

“The U.S. LEI increased in October for a second consecutive month. Although its six-month growth rate has moderated, the index still suggests that the economy will continue expanding into early 2017,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “The interest rate spread and average weekly hours were the main drivers of October’s improvement, helping to offset some of the weaknesses in claims for unemployment insurance and new orders.”

The Coincident Economic Index for the U.S. increased 0.1 percent in October to 114.3, following a 0.1 percent increase in September, and a 0.2 percent increase in August.

The Lagging Economic Index for the U.S. increased 0.2 percent in October to 122.9, following a 0.2 percent increase in September, and a 0.3 percent increase in August.