Wednesday, June 27, 2012
China LEI Rises: "Signals a moderate growth rebound"
The Conference Board: China Monthly Leading Economic Index
China Monthly LEI The current May 2012 reading is a post-recession high.
Andrew Polk, resident economist at The Conference Board China Center in Beijing, said "The China LEI rose in May, driven by the rebound in bank loans and real estate activity. While exports remain subdued, bank credit has picked up recently on fiscal and monetary policy measures designed to support growth and boost demand for loans. Current economic conditions, gauged by the CEI for China, improved somewhat from April, but the rate of growth so far this year has been tepid, and both consumer and producer prices fell sharply in May, suggesting weak domestic demand. Taken together, the economy will continue to face strong headwinds from the softness in both external and domestic demand, but the LEI signals a moderate growth rebound based on policy support."
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