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Leading Economic Index for China increases in April

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However, rate of growth continue to slow.

The Conference Board Leading Economic Index for China increased 1.1% in April, following a 0.5% increase in March and a 1.4% increase in February. Total floor space started made a very large positive contribution to the index, while the consumer expectations index was the only negative contributor in April.

The Conference Board Coincident Economic Index for China, which measures current economic activity, was unchanged in April, following a 2.9% increase in March and a 0.7% decrease in February. Three of the five components contributed positively to the index in April.

"Despite April's gain in China, its six-month increase rate continues to slow, confirming a soft growth outlook for China's economy through the summer," said Jing Sima, senior economist at The Conference Board China Center in Beijing.

"In addition, the flatness in the Coincident Economic Index for China suggests that the series of growth-support measures announced so far this year has not yet strengthened economic activity."

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