The index of U.S. leading indicators rose above expectations in December, posting a 0.3 percent month-over-month gain, according to the Conference Board. The consensus had forecast a 0.2 percent month-over-month decline. November's level was unrevised at -0.4 percent. Over the past six months, the leading index has fallen 5 percent, with five out of the 10 components showing contractions.
The leading index saw positive contributions from consumer goods orders, capital goods, M2 money supply, and the interest rate spread, while consumer expectations were flat. The average workweek fell 0.25 percent from the prior month.
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