FXstreet.com (Barcelona) - UK Conference Board's leading Index has declined in January for the second consecutive month, posting, thus, its fifth fall in the last six months according to data released by the private institution of economic research.
The leading index has decreased 0.4% in January, following a 0.3% decrease in the previous month. The largest negative contribution came out of the volume of expected output. Order book volume, consumer confidence and the yield spread made smaller negative contributions. The six month growth rate of the leading index has slowed down to -1.0% from June to December, down from the 2.4% growing rate posted from December 2006 to June 2007.
The coincident index increased again, by 0.1% this time, with employment being the largest positive contributor, and retail sales being the only negative contributor.