Tuesday, December 25, 2012
China LEI Increases: "Economic rebound still appears fragile"
The Conference Board: China Monthly Leading Economic Index
China Monthly LEI
The current November 2012 reading is a post-recession high.
“Strength in China’s current economic activity has been maintained in November and all of the components in the Coincident Economic Index now posted gains,” says Andrew Polk, resident economist at The Conference Board China Center in Beijing. “However, growth in the leading index decelerated slightly as real estate activity, consumer confidence and new export orders all contributed less to LEI growth in November than in October. Credit creation in the banking system remains the only consistent positive contributor to the LEI since early 2011. As a result, the sustainability of a broad based economic rebound still appears fragile heading into 2013.”
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