Index of Leading Indicators Rises 0.1% in Oct.

The index of U.S. leading economic indicators rose at a slower pace in October than previously reported, the Conference Board said in releasing annual benchmark revisions. The index--intended to project growth over the next six months--rose 0.1% in October, previously reported as an increase of 0.2%, according to the New York-based business research organization. In September, the index rose 0.2%, the same as the previous estimate. The leading index is a composite of 10 previously reported economic gauges, ranging from factory orders to consumer expectations and jobless claims to interest rate spreads. The difference between long- and short-term interest rates helps forecast changes in monetary policy.