The Conference Board Leading Economic Index® (LEI) for the U.K. declined 0.3 percent in November to 111.6 (2010= 100), following a 0.3 percent decline in October, and a 0.3 percent decline in September.
At the same time, The Conference Board Coincident Economic Index® (CEI) for the U.K., a measure of current economic activity, increased 0.2 percent in November to 107.8 (2010 = 100), following a 0.1 percent increase in October, and no change in September.
The LEI has declined for the third consecutive month, and consequently its six-month change has slowed considerably from the first half of 2014. Meanwhile, the CEI has been improving slowly, but its six-month change has eased in recent months. Taken together, the composite indexes suggest that economic activity will continue to improve, but the pace will remain moderate and is unlikely to accelerate in the near term.
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