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Leading Economic Index for China increased only slightly in March

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Leading Economic Index for China increased only slightly in March

Further evidence of a struggling China economy.

The Conference Board Leading Economic Index for China increased 0.2% in March, following a 1.4% increase in February and a 0.6% increase in January. Three of the six components contributed positively to the index in March.

Commenting on the report, Andrew Polk, resident economist at The Conference Board China Center in Beijing, said "Exports, consumer confidence, and real estate all weighed negatively on the Leading Economic Index for China in March, resulting in its weakest monthly growth in more than a year.

"The economy will continue losing momentum through the summer."

“In addition, the LEI's six-month growth rate has been slowing over the past year, suggesting the economy will continue losing momentum through the summer."

The Conference Board Coincident Economic Index for China, which measures current economic activity, increased 1.7% in March, following a 0.6% increase in February and a 0.8% decline in January. Four of the five components contributed positively to the index in March.

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