Saturday, November 24, 2012

China LEI Surges: "Moderate rebound underway"

The Conference Board: China Monthly Leading Economic Index

China Monthly LEI

The current October 2012 reading is a post-recession high.

“The LEI picked up momentum in October, suggesting a moderate rebound is underway that may carry into the first half of 2013,” says Andrew Polk, resident economist at The Conference Board China Center in Beijing. “Growth was driven primarily by renewed real estate activity and upbeat consumer expectations, two areas which have been highly volatile in recent months. As such, the strength and sustainability of the economy’s acceleration remains questionable. Meanwhile, the CEI showed its strongest and broadest growth in several months, aligning with a raft of recent data suggesting that the cyclical slowdown, which began in the second half of 2011, has likely passed its trough.”


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