NEW YORK, Oct. 17, 2019 /PRNewswire/ -- The Conference Board Leading Economic Index®(LEI) for the U.K. decreased 0.5 percent in August 2019 to 91.3 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for the U.K. remained unchanged in August 2019 at 103.7 (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.
For more information about The Conference Board global business cycle indicators, click here.
About The Conference Board The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.