11-Sep-2009 8:59 AM

UK economic recovery to lag Euro area - The Conference Board

UK's Leading Economic Index increased 0.7% in Jul-2009 to 92.9 (2004 = 100), following 1% gains in both June and May, according to The Conference Board.

The Conference Board: "The LEI for the United Kingdom has risen for four consecutive months, providing a clearer recovery signal. However, the strengths and weaknesses among the leading indicators are just about balanced and the signal is less robust than that from the LEI for the Euro Area. The recovery of the UK economy will probably continue to lag the Euro Area economy", Jean-Claude Manini, Senior Economist for Europe. Source: The Conference Board, 10-Sep-2009