UK Forecast: Moderate Growth Rate

The Conference Board's index of leading economic indicators for the UK fell a tenth of a percentage point in June, the most recent month for which data are available. It was the third consecutive monthly decline. The leading index now stands at 136.0 (1990=100).

Nevertheless, the New York-based business research group believes the UK should continue to experience moderate economic growth during the next several months.

Inflation-adjusted GDP growth in the UK was at an annual rate of 3.4% in the second quarter of this year, up from a 2.1% average during the last half of 2005.

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