UK LEI declines, CEI shows modest growth in March: TCB

The Conference Board Leading Economic Index (LEI) for the United Kingdom fell by 0.4 per cent in March 2025 to 75.1 (2016=100), after declining by 0.1 per cent in February. Over the six-month period from September 2024 to March 2025, the UK LEI contracted by 1.1 per cent, following a 1.0 per cent decline in the previous six-month period.

“March’s decline in the UK LEI was driven primarily by weakness in housing sales expectations and consumer expectations. Labour market indicators also contributed negatively to the Index. Overall, the LEI reading suggests that economic growth in the United Kingdom will continue to be sluggish,” said Allen Li, associate economist at The Conference Board.

In contrast, the Conference Board Coincident Economic Index (CEI) edged up by 0.1 per cent in March 2025 to 108.0 (2016=100), after a 0.3 per cent increase in February. Overall, the CEI expanded by 1.1 per cent between September 2024 and March 2025, slightly lower than the 1.2 per cent rise recorded between March and September 2024, as per the TCB.

ALCHEMPro News Desk (HU)