The U.S. Leading indicator 1/12 rate of change rose to just over 2%, bringing the monthly index to a multi-year high in January. Once again, this signals moderate growth for the U.S. economy over the next year. We regularly feature updates from the Institute for Trend Research, and this latest update is consistent with the predictions we’ve seen over the last nine months.

Financial, construction and employment sectors boosted the index for a second consecutive month, while consumer expectations and workers’ hours contributed some drag.

Source: Institute for Trend Research