The Conference Board Leading Economic Index® (LEI) for the U.K. increased 0.1 percent in December to 112.1 (2010= 100), following a 0.3 percent decline in November, and a 0.4 percent decline in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for the U.K., a measure of current economic activity, increased 0.1 percent in December to 104.7 (2010 = 100), following a 0.2 percent increase in November, and a 0.1 percent increase in October.
The LEI for the U.K. had declined in each of previous three months before December's small increase; as a result, its six-month growth has fallen into negative territory for the first time in more than two years. Meanwhile, the CEI continues to see moderate improvement, but its six-month change has slowed in recent months. Taken together, the current behavior of the composite indexes suggests that pace of growth may slow further in the months ahead.
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