A leading indicator of the U.K. economy rose at a lesser pace in July, suggesting at slower economic growth in the coming months.
The Conference Board leading index climbed 0.2%, slower than the 0.5% rise in June. Five of the seven components made positive contributions to the index.
Jean-Claude Manini, Conference Board senior economist for Europe, said: "The modest pace of increase of the [leading index] for the United Kingdom signals that the sharp pickup in output seen during the second quarter is unlikely to be repeated. Even though current economic conditions are still moderately improving, the continued deterioration of consumer confidence highlights the persistence of downside risks and points toward low and volatile growth in 2011."
Meanwhile, the coincident index rose 0.1% in July, the same pace of growth as in June.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.