The Conference Board Leading Economic Index® (LEI) for the U.K. increased 0.2 percent in January to 111.7 (2010= 100), following no change in December, and a 0.4 percent decline in November.
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 January to 105.1 (2010 = 100), following a 0.2 percent increase in December, and a 0.4 percent increase in November.
The LEI for the U.K. increased slightly in January, but its six-month growth rate remains in negative territory. Meanwhile, the CEI has been increasing moderately, but its six-month growth rate is down from the first half of 2014. Taken together, the current behavior of the composite indexes suggests that economic growth will continue at a moderate pace, which may not accelerate in the near term.