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Conference Board Leading Economic Index for China increased in June

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Photo: Eddy Galeotti / Shutterstock.com Photo: Eddy Galeotti / Shutterstock.com

But growth remains “fragile.”

The Conference Board Leading Economic Index for China increased 1.3% in June, following a 0.7% increase in May and a 1.1% increase in April.

"June's pickup in the leading economic index for China is unlikely to be fully felt until the final quarter of the year, even though slight monetary loosening and better export performance could underpin more economic activity sooner," says Andrew Polk, resident economist at The Conference Board China Center in Beijing. 

"The economy's recent lift was mainly policy-induced.""The economy's recent lift was mainly policy-induced as large amounts of infrastructure spending breathed life into the industrial sector, but the rate of growth remains fragile unless underlying consumer and investment conditions solidly strengthen," he concluded.

The Conference Board Coincident Economic Index for China, which measures current economic activity, increased 0.9% in June, following a 0.7% increase in May and a 0.7% increase in April.

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