LEI for the United Kingdom Declined in October

Updated : 2023-12-13 About the Leading Economic Index and the Coincident Economic Index: The Leading Economic Index provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index provides an indication of the current state of the economy. Additional details are below. The Conference Board Leading Economic Index® (LEI) for the United Kingdom Declined in October Next month’s release of the composite economic indexes will incorporate annual benchmark revisions which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision. For more information, please visit https://www.conference-board.org/topics/business-cycle-indicators/ or contact us at indicators@conference-board.org . The Conference Board Leading Economic Index ® (LEI) for the United Kingdom declined by 0.5 percent in October 2023 to 73.4 (2016=100), following a 0.4 percent decrease in September. The LEI for the UK contracted by 4.1 percent in the six-month period ending in October 2023, the same rate of decline as over the previous six-month period from October 2022 to April 2023. The Conference Board Coincident Economic Index ® (CEI) for the United Kingdom ticked up by 0.1 percent in October 2023 to 104.5 (2016=100), after being unchanged in September. The CEI for the UK slid by 0.1 percent in the six-month period from April to October 2023, a reversal from the 0.7 percent increase […]

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