The Conference Board Leading Economic Index for the U.S. decreased 0.2 percent in January to 123.2 (2010 = 100), following a 0.3 percent decrease in December and a 0.5 percent increase in November.

“The U.S. LEI fell slightly in January, driven primarily by large declines in stock prices and further weakness in initial claims for unemployment insurance,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Despite back-to-back monthly declines, the index doesn’t signal a significant increase in the risk of recession, and its six-month growth rate remains consistent with a modest economic expansion through early 2016.”

The Coincident Economic Index increased 0.3 percent in January to 113.2 (2010 = 100), following a 0.1 percent increase in December and no change in November.

The Lagging Economic Index increased 0.1 percent in January to 120 (2010 = 100), following a 0.2 percent increase in December and a 0.4 percent increase in November.