An indicator that is supposed to reflect future economic activity in the United States fell back in December, pointing to an apparent slight slowdown in growth towards the end of the year.

The Conference Board's index of leading indicators published on Thursday fell by 0.1% to 101.6 last month, in line with economists' consensus.

In November, the index had risen by 0.4%, compared with an initial estimate of 0.3%, its first increase since February 2022.

Despite December's decline, the Conference Board says it expects US growth momentum to remain solid into the new year, anticipating GDP growth of 2.3% in 2025.

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