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UK economic recovery "expected to be subdued" - The Conference Board

14-Dec-2009 10:41 AM

UK Leading Economic Index increased 1.0% in Oct-2009, following gains of 1.1% in both Sep-2009 and Aug-2009, according to The Conference Board.

The Conference Board: “The strengthening and broadening improvement of the leading indicators for the United Kingdom point to economic activity moving back into positive territory. After lagging the Euro Area, the UK economy may finally begin closing the gap. Nonetheless, the recovery is still expected to be subdued", Jean-Claude Manini, Senior Economist for Europe