Thursday, April 4, 2013

China LEI Increases: "Economic expansion should continue short-term"

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The Conference Board: China Monthly Leading Economic Index

China Monthly LEI & CEI

Current Leading Index: 257.5
Current Coincident Index: 234.9
Post-Recession LEI High: 257.5 (February 2013)
Post-Recession CEI High: 234.9 (February 2013)

Says Andrew Polk, resident economist at The Conference Board China Center in Beijing: “The Leading Economic Index for China maintained its pace in February, a sign that the current economic expansion should continue in the near-term. Current economic conditions strengthened considerably compared to previous months. However, the six-month average growth rate of the LEI has weakened. The drivers of growth remain fragile, and recent improvements in consumer expectations are not likely sustainable in the face of rising inflation. Investment activity, which is also underpinning the current growth rebound, is heavily credit dependent and could be affected by changes in monetary policy in the wake of the leadership transition.”


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