Saturday, January 26, 2013
China LEI Increases: "Momentum may already be abating"
The Conference Board: China Monthly Leading Economic Index
China Monthly LEI
The current December 2012 reading is a post-recession high.
“Growth in the LEI for China slowed in December. A decline in real estate activity, a drop in new export orders, and weak consumer confidence accounted for the slowing, while credit extension and improved conditions in the manufacturing supply chain offered only little support,” says Andrew Polk, resident economist at The Conference Board China Center in Beijing. “Growth in the CEI moderated as well, underscoring the notion that economic momentum may already be abating, and is unlikely to rebound much further in 2013. We expect China to grow at 7.5 percent this year, slightly down from the 7.8 percent increase in 2012.”
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