United Kingdom CB Leading Economic Index

Description

Released by the Conference Board (CB), the Leading Economic Index is a forecast of economic activity in the UK. The index is derived from seven components, including order book volumes, consumer confidence, productivity and total gross operating surplus of corporations.
Latest Release: 12-12-2014 10:00:00
Next Release: 11-10-2013 09:00:00
Source:Conference Board

The UK’s Conference Board has just released it’s pervasive Leading Economic Index for the month of July. This appears to record a slowing in upward trend of economic activity with the latest figure expanding by just 0.1% on the month, this is in comparison to expansion of 0.6% the previous month. Additionally, the Construction Output numbers from the UK slowed somewhat in the month of July. On a seasonally adjusted basis the 0% growth recorded reflects a fall from the June month on month expansion of 1.2%, consensus estimates for growth of 0.6% were missed. This dragged the year on year figure to a lower 2.6% from the 5.3% recorded in June, consensus here was for a reading closer to 3.2% growth.

July is seldom a growth month in terms of construction, but there are a few additional short-term factors weighing on an otherwise strong economy. Firstly, with specific regard to the construction sector, the Bank of England has displayed a determination to reduce the excessive growth in house prices in certain regions of the economy, new regulatory restrictions are due to come into force which are designed to limit transactions at the higher end of the market. These, if unsuccessful, will no doubt be followed up with further broader measures which will be targeted at dampening housing...

  • Forex » Rise In UK Leading Indicator
    Posted Aug 11th, 2014 at 10:17 AM

    The UK’s Conference Board has just released it’s Leading Indicator for the month of June, this broad measurement of economic activity within the economy is now reading at 0.6%, this represents a...