Home | Growth | Leading Economic Index for China increased in February

Leading Economic Index for China increased in February

By
Font size: Decrease font Enlarge font
Leading Economic Index for China increased in February

However, growth continues to slow.

The Conference Board Leading Economic Index for China increased 1.5%, following a 0.5% increase in January and a 0.9% increase in December. Five of the six components contributed positively to the index in February.

Andrew Polk, resident economist at The Conference Board China Center in Beijing, commented on the report.

 "China's current economic conditions deteriorated further in February, led by significant weakening in electricity production,” he said. “Meanwhile, the Leading Economic Index for China stabilized on improvement in the consumer outlook, which is likely buoyed by the Chinese New Year holiday. Still, compared to the second half of 2014, the six-month growth rate of the LEI remains subdued, pointing to continued moderation in economic growth in Q2."

The Conference Board Coincident Economic Index for China, which measures current economic activity, decreased 0.7% in February, following a 0.4% decline in January and a 1.3% increase in December. Three of the five components contributed positively to the index in February.

The Conference Board LEI for China aggregates six economic indicators that measure economic activity in China. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.

Share this:

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha