The Conference Board Leading Economic Index for the U.K. increased 0.5 percent in November, after increasing 0.4 percent in October and 1.6 percent in September. Six of the seven components made positive contributions to the index this month. The index now stands at 108.3 (2004=100).

"The fifth consecutive monthly advance by the U.K. LEI suggests that the economy will continue expanding and its pace could even pick up moderately in the first half of 2014," says Bart van Ark, Chief Economist at The Conference Board. "Widespread strength from production and job growth, along with sustained support from monetary policy, will add fuel to the recovery. Productivity, however, will remain the Achilles' heel of Britain'slong-term growth performance, as reflected in The Conference Board's latest release of productivity estimates, yesterday."

The Conference Board Coincident Economic Index for the U.K., a measure of current economic activity, increased 0.2 percent in November, after increasing 0.1 percent in October and 0.5 percent in September. The index now stands at 105.7 (2004 = 100).

The Conference Board LEI for the U.K. aggregates seven economic indicators that measure activity in the U.K., each of which has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.

For more information: http://www.conference-board.org/data/bci.cfm