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The research results published by Conference Board showed that at the end of June the leading economic index for the UK fell by 0.3 per cent, to a level of 113.7 points (2010 = 100), after falling 0.2 percent in May and -0.1 per cent in April. Within six months (from December 2015 to June 2016) the index decreased by 0.1 percent compared with a growth of 0.6 percent in the previous six-month.
The leading economic index is a weighted average, which is calculated based on a number of macroeconomic indicators. The index characterizes the development of the economy over the next 6 months. There is also a rule of thumb that the output value of the indicator in the negative area for three months in succession is an indication of slowing down of the economy.
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