FXstreet.com (Barcelona) - The Conference Board's leading index has edged down in January for the fourth consecutive time, while the coincident index edged up and the lagging index remained unchanged according to the private institute of economic research.

The leading index has dipped 0.1% following a 0.2% fall in December, with stock prices being he largest negative contributor, followed by housing permits. Money supply (real M2), index of consumer expectations, and initial claims for unemployment insurance (inverted) made positive contributions to the index.

The coincident index has increased 0.1% due to positive contributions from personal income less transfer payments, real manufacturing and trade sales, and industrial production partially offset by the small decline in nonagricultural payroll employment.