The Conference Board LEI for the U.K. increased for a fourth consecutive month in July after a long period of decline. 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 July, after increasing by the same amount in June and falling 0.3 percent in May. The increase in the CEI was mainly due to the gains in both industrial production and retail sales. The index now stands at 102.3 (2004 = 100).
The Conference Board LEI for the U.K. shows improvement during the past four months
The Conference Board LEI for the U.K. aggregates seven economic indicators that measure activity in the U.K., each of which has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.
The seven components of The Conference Board Leading Economic Index™ for the U.K. include:
- Order Book Volume (source: Confederation of British Industry)
- Volume of Expected Output (source: Confederation of British Industry)
- Consumer Confidence Indicator (source: European Commission)
- FTSE All-Share Index (source: FTSE Group)
- Yield Spread (source: Bank of England)
- Productivity, Whole Economy (Office for National Statistics)
- Total Gross Operating Surplus of Corporations (Office for National Statistics)
