UK Economic Index Falls For Fourth Month

The Conference Board's index of leading economic indicators for the UK fell for the fourth consecutive month in June, the most recent month for which data are available. The index now stands at 132.4 (1990=100).

June's decline in the index was four-tenths of a percent, less than May's six-tenths decrease and May's five-tenths fall.

Inflation-adjusted growth in GDP for the UK slowed to an annual rate of 1.5% during the first six months of this year. "The continued weakness in the leading index in recent months indicates that economic growth is likely to remain sluggish in the near term," says the Conference Board, a New York-based business research group.

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