A gauge of the national economy’s prospects rose for the 10th month to a record high in January, signaling the economic recovery should continue through the spring, a private research group said on Thursday.

The Conference Board said its index of leading economic indicators rose 0.3 percent in January, following a 1.2 percent gain in December, which was revised up from the previously reported 1.1 percent. Analysts polled by Reuters had anticipated a heftier increase of 0.5 percent in January.

Ataman Ozyildirim, an economist at the Conference Board said improvements in financial markets and manufacturing had boosted the index, with consumer expectation and housing permits also contributing to the gains.

The coincident index, which measures current economic conditions, rose 0.2 percent in January while the lagging index was fell 0.1 percent.