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The Conference Board (CB) released its leading economic index for the U.K. on Thursday. The leading economic index decreased 0.4% in May, after a 0.3% rise in April. Three of seven subindexes were positive.
The coincident index was up 0.1% in May, after a 0.2% gain in April. All four subindexes climbed. The CB said that the index indicates that the U.K. economy is likely to expand in the near term.
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