NEW YORK (CNN/Money) - A gauge meant to forecast the economy's performance in coming months rose in November, snapping a string of five months of declines.

The index of leading indicators rose 0.2 percent in November -- a bit better than economists had been expecting -- after dipping a revised 0.4 percent in October and 0.2 percent in September, the Conference Board said.

The New York-based Conference Board said its index, which is intended to predict economic activity over the next three to six months, now stands at 115.2 versus its all-time high of 116.5 in May.

"It is too early to conclude that the recent weakness in the leading index was only a pause in the rising trend, but to date the decline was not large enough and did not persist for long enough to signal an end to the current economic expansion," the Conference Board said.

The index is calculated from various components, including readings on manufacturing, interest rates and consumer expectations. Six of 10 components rose last month, including stock prices, money supply and consumer expectations.

The coincident index of current economic activity rose 0.1 percent in November to 118.5, with all four components of that index gaining, the Conference Board said.

Meanwhile, the index of lagging indicators dipped 0.1 percent to 98.3.