WASHINGTON (Reuters) - A key gauge of future U.S. economic growth snapped a five-month losing streak and edged up 0.2 percent in November, a private research firm said on Monday.
The New York-based Conference Board said its index of leading indicators gained last month to 115.2 after slipping for five consecutive months, including a revised fall of 0.4 percent in October, which had been initially reported as a 0.3 percent slide.
"It is too early to conclude that the recent weakness in the leading index was only a pause in the rising trend, but to date the decline was not large enough and did not persist for long enough to signal an end to the current economic expansion," the Conference Board said.
Six of 10 components of the leading indicators gauge rose in November, including stock prices, money supply and consumer expectations.
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