US ECON: Leaders Up 0.1%, Lagging Index +0.5%

* Leaders Rise 0.1% in November, Same as October
* October leaders revised downward from 0.2%
* Lagging index rises 0.5%, coincident indicator up 0.2%

The Conference Board's index of leading economic indicators rose by 0.1% between October and November, the same growth in the prior month after a downward revision from 0.2%. From a year ago, the index is up 2.3%, the slowest 12-month increase in four months.

Growth in the M2 money supply was a key factor, adding four pips, in the growth of the leading index in October. Without M2 in the calculation, leaders would have fallen by 0.1% in October. In November, the composite index benefited from a large rise in vendor deliveries, which added two pips last month after subtracting three pips the month before.