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It’s Only Common Sense: Why Should They Take Your Call?
The Conference Board Leading Economic Index (LEI) for the U.K. declined 0.1 percent in October to 111.9 (2010= 100), following a 0.4 percent decline in September, and a 0.1 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 106.8 (2010 = 100), following a 0.3 percent increase in September, and a 0.3 percent increase in August.
In October, the LEI for the U.K. declined for the fifth time in the last six months. Consequently, its six-month growth rate has fallen deeper into negative territory. Meanwhile, the CEI remains on a modest growth trajectory with widespread strengths among its components. The recent deceleration in the growth of the LEI suggests that the economic expansion is likely to moderate in early 2016.
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.
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.
