The Conference Board Leading Economic Indexfor the U.K. remained unchanged in June, after increasing 0.6 percent in May and increasing 0.3 percent in April. Three of the seven components made positive contributions to the index in June. The index stands at 104.1 (2004=100).

Said Jean-Claude Manini, The Conference Board Senior Economist for Europe: “The LEI for the United Kingdom was flat in June as the weaknesses among the leading indicators expanded. The rising caution among businesses is a particular concern, a trend that may weigh on already weak and volatile consumer confidence. The leading indicators suggest subdued growth in the near term. The ongoing debt crisis and the global slowdown will continue to feed a wait-and-see attitude, increasing the downside risks in an already sluggish growth environment.”

The Conference Board Coincident Economic Indexfor the U.K., a measure of current economic activity, increased 0.1 percent in June, after remaining unchanged in May and increasing 0.1 percent in April. The index now stands at 102.7 (2004 = 100).