The Conference Board Leading Economic Index® (LEI) for the U.K. increased 0.6 percent in February to 112.5 (2010= 100), following a 0.2 percent increase in January, and no change in December.
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 February to 105.4 (2010 = 100), following a 0.2 percent increase in January, and a 0.1 percent increase in December.
In February, the LEI for the U.K. registered its largest monthly increase since June 2014. As a result, its six-month growth rate—though still negative and substantially below its level from six months ago—has improved. Meanwhile, the CEI has been increasing moderately in recent months. Taken together, the current behavior of the composite indexes suggests that economic growth is likely to continue at a moderate pace, and may even accelerate somewhat, in the months ahead.
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