FXstreet.com (Barcelona) - United Kingdom's Leading Indicators Index has declined in January for its third consecutive time while the coincident index has risen again, according to figures released by the Conference Board.

The leading index has decreased 0.2% in January, following declines of 0.5% and 0.4% in December and November respectively. Order book volume made the largest positive contribution to the index, which was offset by sharp declines in stock prices, consumer confidence and the yield spread.

The six month index has posted a 1.3% decline between July 2007 and January 2008; a softer decline than the 2.0% posted from January 2007 to July 2007.

The coincident index has increased 0.2 % in January for its sixth consecutive time. Employment posted the largest positive contribution. In the six months to January, the Coincident Index has grown 1.0%.