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Article: The Leading Index for the U.K Declined 1.1 Percent
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 5, 2008
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The Conference Board issued the following news release:
The Conference Board announced today that the leading index for the U.K declined 1.1 percent, and the coincident index increased 0.1 percent in September.
* The leading index fell sharply in September, and the index has been declining for more than a year now. Most of the components contributed negatively to the index this month, notably order book volume, the volume of expected output, and stock prices. The six-month rate of change for the index fell to - 4.7 percent (a -9.2 percent annual rate) for the period ending in September, from - 1.8 percent (a -3.5 percent annual rate) for the previous six-month period. In addition, the ...