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Conference Board says index slipped after five months of gains
LONDON,[url=http://www.tymarc.com/]cheap christian louboutin[/url], Aug. 9 () -- The Leading Economic Index for Britain fell in June after five consecutive monthly increases, the Conference Board said Friday.Following a 0.2 percent gain in April and a 0.4 percent gain in May, the index dropped 0.2 percent in June to reach 104.8.The index assigns a base value of 100 to the year 2004 to provide a reference point.In June, four out of seven component indexes made gains in the month, including gains in equity markets and business and consumer confidence. Despite the overall decline, " improvements in equity markets, business, and consumer sentiment in July suggest that the U.K. economic recovery is still ongoing,[url=http://www.panyam.com/]gucci outlet store[/url]," said Conference Board economist Brian Schaitkin in a statement."However, declines in income and employment so far this year demonstrate that labor markets may under-perform relative to output over the short term after a long period of flat to negative productivity growth," Schaitkin said.