The Conference Board Leading Economic Index® (LEI) for the U.K. Declines
NEW YORK, Dec. 12, 2014 /PRNewswire/ -- 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.
About The Conference Board Leading Economic Index® (LEI) for the U.K.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The seven components of The Conference Board Leading Economic Index® for the U.K. include:
Order Book Volume, CBI Monthly Enquiry
Volume of Expected Output, CBI Monthly Enquiry
Consumer Confidence
Stock Prices, FTSE all share price index
Yield Spread, 10 years minus Bank Rate
Productivity, Whole Economy Index
Total Gross Operating Surplus of Corporations
For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=2
For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm
About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.
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Summary Table of Composite Economic Indexes |
||||
2014 |
6-month |
|||
Aug |
Sep |
Oct |
Apr to Oct |
|
Leading Economic Index (LEI) |
112.7 p |
112.4 p |
112.1 p |
|
Percent Change |
0.4 p |
-0.3 p |
-0.3 p |
1.3 p |
Diffusion |
57.1 |
57.1 |
57.1 |
57.1 |
Coincident Economic Index (CEI) |
107.7 p |
107.8 p |
107.9 p |
|
Percent Change |
0.2 p |
0.1 p |
0.1 p |
0.7 p |
Diffusion |
75.0 |
75.0 |
75.0 |
100.0 |
n.a. Not available p Preliminary r Revised |
||||
Indexes equal 100 in 2004 |
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Source: The Conference Board All Rights Reserved |
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SOURCE The Conference Board
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