The Conference Board Leading Economic Index for the U.S.  increased 0.6 percent in October to 124.1, following a 0.1 percent decline in September, and a 0.1 percent decline in August.

“The U.S. LEI rose sharply in October, with the yield spread, stock prices and building permits driving the increase,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Despite lackluster third quarter growth, the economic outlook now appears to be improving. While the U.S. LEI’s six-month growth rate has moderated, the U.S. economy remains on track for continued expansion heading into 2016."

The Coincident Economic Index increased 0.2 percent in October to 113 (2010 = 100), following a 0.1 percent increase in September, and a 0.2 percent increase in August.

The Lagging Economic Index increased 0.2 percent in October to 119.3 (2010 = 100), following a 0.6 percent increase in September, and a 0.2 percent increase in August.