The Conference Board Leading Economic Index (LEI) for the U.K. decreased 0.2 percent in June, after increasing 0.4 percent in May and increasing 0.2 percent in April. Four of the seven components made positive contributions to the index this month. The index now stands at 104.8 (2004=100).

"Despite the LEI's slight decline in June, improvements in equity markets, business, and consumer sentiment in July suggest that the U.K. economic recovery is still ongoing. Both the LEI and the CEI are near their previous peak levels," said Brian Schaitkin, Economist for Europe with The Conference Board. "However, declines in income and employment so far this year demonstrate that labor markets may underperform relative to output over the short term after a long period of flat to negative productivity growth."

The Conference Board Coincident Economic Index (CEI) for the U.K., a measure of current economic activity, increased 0.1 percent in June, after increasing 0.2 percent in May and decreasing 0.2 percent in April. The index now stands at 103.9 (2004 = 100).