Moderate growth through year-end expected in China: The Conference Board
China's Leading Economic Index (LEI) increased (13-Sep-2010) 0.5% in Jul-2010 to 147.6 (2004 = 100), following a 0.7% increase in Jun-2010 and a 0.9% increase in May-2010, according to The Conference Board. Six components contributed positively to the index in the month. Meanwhile, the Coincident Economic Index (CEI), which measures current economic activity, also increased 0.5% in Jul-2010 to 187.3 (2004 = 100), following a 1.0% increase in Jun-2010 and a 0.9% increase in May-2010. Four of the five components contributed positively to the index in Jul-2010. [more]
The Conference Board: “July’s increase in the China LEI signals a continuation of moderate economic growth through year-end. However, strengths among the LEI’s components have become less widespread in recent months. Growth may become less evenly shared among manufacturing, investment, and consumer sectors,” Bill Adams, Resident Economist for The Conference Board China Center in Beijing. Source: Company Statement, 13-Sep-2010.