Wednesday, February 20, 2013

China LEI Increases: "Economic rebound continues to look modest"

The Conference Board: China Monthly Leading Economic Index

China Monthly LEI

Current Leading Index: 253.4
Current Coincident Index: 233.7
Post-Recession LEI High: 253.4 (January 2013)
Post-Recession CEI High: 233.7 (January 2013)

Says Andrew Polk, resident economist at The Conference Board China Center in Beijing: “January’s acceleration in the LEI was driven primarily by consumer expectations and estimated real estate activity, both of which were likely positively affected by the Chinese New Year holiday. Credit extension also contributed to the increase in the LEI. Despite the seasonal uptick in some components, recent gains in the LEI have become less widespread and the current rebound in economic activity continues to look modest.”


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