Golden Finance reported that the U.S. Conference Board's leading indicator increased by 0.3% in November, almost reversing the 0.4% decline in October. During the six-month period from May to November 2024, the leading indicator fell by 1.6%, slightly slower than the 1.9% decline in the previous six months (November 2023 to May 2024). Justyna Zabinska-La Monica, senior manager of business cycle indicators at The Conference Board, said that U.S. economic indicators rose for the first time since February 2022 in November. The indicator was boosted by an increase in building permits, continued support for the stock market, improvements in average manufacturing hours worked, and a decline in initial jobless claims. Overall, an increase in this indicator is a positive sign for future U.S. economic activity. U.S. GDP is currently expected to grow by 2.7% in 2024, but growth will slow to 2.0% in 2025.