The Conference Board Leading Economic Index® (LEI) for the U.K. declined 0.3 percent in October to 112.1 (2004 = 100), following a 0.3 percent decrease in September, and a 0.4 percent increase in August.
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 October to 107.9 (2004 = 100), following a 0.1 percent increase in September, and a 0.2 percent increase in August.
Following two consecutive monthly declines, the six-month growth rate of the LEI slowed substantially in October, and as a result, its upward trend has moderated. Meanwhile, the CEI has been improving slowly, but its six-month change—while still positive—has eased in recent months. Taken together, the composite indexes suggest that the pace of improvement in economic activity is unlikely to accelerate in the near term.