The UK leading economic indicator rose to 105.1 in October from 104.7 in September, the Conference Board said Thursday.

The UK leading economic indicator rose to 105.1 in October from 104.7 in September, the Conference Board said Thursday.
Six of the seven components made positive contributions to the index in October.
Conference Board economist Jean-Claude Manini said  the latest reading suggest that the expected slowdown in the UK economy would be gradual in the short term.
"The financial sector problems in Ireland - to which the United Kingdom has a significant exposure - are a reminder of the persisting downside risks surrounding the outlook for 2011."
The Conference Board leading economic indicator for the UK has been rising since April 2009, though its six-month growth rate has continued to slow in recent months.
Conference Board's coincident economic index inched up to 103.1 from 103. It was unchanged in September.