UK's Leading Economic Index Is Unchanged

In December 2004, the most recent month for which data are available, the Conference Board's index of leading economic indicators for the UK was unchanged from November. The New York-based business research group's leading index for the UK remains at 133.6 (1990=100).

The growth rate of the leading index has slowed in recent months, as has the growth rate of inflation-adjusted GDP. Real GDP grew at an annual rate of 2.5% in the second half of 2004. "The current behavior of the leading index suggests that this recent economic growth should continue in the near term," says the Conference Board.

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