UK growth 'drops' for sixth straight month

Growth in the UK has deteriorated for the sixth consecutive month while the global recovery has peaked, according to the Organisation for Economic Co-operation and Development (OECD).

The OECD's composite leading indicator index for the UK fell in June - as it has done every month since January - indicating that the activity is in "slowdown". For both the OECD area and the G7 leading nations, the index has been negative for the past three months, indicating a "possible peak" on both fronts. According to the OECD index, activity has been deteriorating in France, Germany, Italy and Canada at an even faster pace than the UK. However, growth had recovered much more sharply before their recent slide. The UK is close to falling below its 'trend rate', which the OEC...