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The Conference Board LEI for China increases but economic acceleration unlikely

18-May-2010 9:14 AM

China's Leading Economic Index for Mar-2010 increased 1.1%, following a 0.4% increase in Feb-2010 and a 0.8% increase in Jan-2010, according to The Conference Board. [more]

The Conference Board China Centre: "China’s growth performance remains strong. Like the LEIs for the US and Euro Area, the LEI for China improved sharply in March relative to recent months. However, there is a strong positive impact from the rise in construction activity. Developers may have been front-loading projects in anticipation of controls on the real estate market that were subsequently implemented in late April. The recent behaviour of the LEI for China suggests the economic expansion is unlikely to accelerate further through the summer months", Bill Adams, Resident Economist. Source: The Conference Board, 16-May-2010