Despite Index Dip, Moderate UK Economic Growth Expected

July 13, 2006
The Conference Board's index of leading economic indicators for the UK sipped two-tenths of a percentage point in May, the most recent month for which data are available. The index now stands at 136.2 (1990=100). However, despite May's decline, the ...

The Conference Board's index of leading economic indicators for the UK sipped two-tenths of a percentage point in May, the most recent month for which data are available. The index now stands at 136.2 (1990=100).

However, despite May's decline, the growth rate of the leading index has been improving since last year and has recently been expanding at an annual rate of about 4%. What's more, GDP growth in the UK, adjusted for inflation, was at an annual rate of 3.1% during the first three months of this year, a full percentage point better than the average rate during the final six months of 2005.

"The current behavior of the leading index suggests that moderate economic growth should continue in the near term," says the Conference Board, a New York-based business research group.

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

State of Sales Report

Sept. 12, 2023
Discover the latest insights driving productivity and efficiency for more than 7,700 sales leaders and professionals.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!