NEW YORK, Dec. 14, 2018 /PRNewswire/ -- The Conference
Board Leading Economic Index® (LEI) for the U.K.
decreased 0.4 percent in October 2018
to 95.9 (2016=100).
The Conference Board Coincident Economic
Index® (CEI) for the U.K. remained unchanged in
October 2018 at 102.7 (2016=100).
The composite economic indexes are the key elements in an
analytic system designed to signal peaks and troughs in the
business cycle. The leading and coincident economic indexes are
essentially composite averages of several individual leading or
coincident indicators. They are constructed to summarize and reveal
common turning point patterns in economic data in a clearer and
more convincing manner than any individual component – primarily
because they smooth out some of the volatility of individual
components.
The updated data tables can be found here.
The 2018 data release schedule is available here.
For more information about The Conference Board global business
cycle indicators, click here.
NOTE: Next month's data release will incorporate annual
benchmark revisions to the composite economic indexes, which bring
them up-to-date with revisions in the source data. These revisions
do not change the cyclical properties of the indexes. The indexes
are updated throughout the year, but only for the previous six
months. Data revisions that fall outside of the moving six-month
window are not incorporated until the benchmark revision is made
and the entire histories of the indexes are recomputed. As a
result, the revised indexes, in levels and month-on-month changes,
will not be directly comparable to those issued prior to the
benchmark revision. For more information, please visit our website
at http://www.conference-board.org/data/bci.cfm or contact us at
indicators@conference-board.org.
About The Conference Board
The Conference Board is a member-focused think tank that provides
trusted insights for what's ahead. We are a non-partisan,
not-for-profit entity holding 501 (c) (3) tax-exempt status in the
United States.
http://www.conference-board.org.
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SOURCE The Conference Board