The Conference Board Leading Economic Index(R) for China
Increased in December
PR Newswire
BEIJING, Jan. 26, 2015
BEIJING, Jan. 26, 2015 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for China increased 1.1 percent in
December to 311.6 (2004 = 100), following a 0.8 percent increase in
November and a 0.9 percent increase in October. Five of the six
components contributed positively to the index in December.
"China's current economic activity picked up in December on the
back of strong consumption and a surge in electricity production,"
said Andrew Polk, resident economist at The Conference Board China
Center in Beijing. "Meanwhile, the leading economic index for China
accelerated only slightly in December with consumer expectations
and real estate remaining subdued, suggesting weak economic growth
in Q1 2015."
The Conference Board Coincident Economic Index(R) (CEI) for
China, which measures current economic activity, increased 1.1
percent in December to 269.3 (2004 = 100), following a 0.1 percent
increase in both November and October. All five components
contributed positively to the index in December.
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.
About The Conference Board Leading Economic Index(R) (LEI) for
China
The Conference Board Leading Economic Index(R) for China was
launched in May 2010. Plotted back to 1986, this index has
successfully signaled turning points in the economic cycles of
China. The Conference Board also produces LEIs for Australia,
Brazil, the Euro Area, France, Germany, India, Japan, Korea,
Mexico, Spain, the United Kingdom, and the United States.
The six components of The Conference Board Leading Economic
Index(R) (LEI) for China include:
Total Loans Issued by Financial Institutions (source: People's
Bank of China)
5000 Industry Enterprises Diffusion Index: Raw Materials Supply
Index (source: People's Bank of China)
NBS Manufacturing PMI Sub-Indices: PMI Supplier Deliveries
(source: National Bureau of Statistics)
Consumer Expectations Index (source: National Bureau of
Statistics)
Total Floor Space Started (source: National Bureau of
Statistics)
NBS Manufacturing PMI Sub-Indices: Export Orders (source:
National Bureau of Statistics)
For more information including full press release and technical
notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=11
To view The Conference Board calendar of 2015 indicator
releases:
http://www.conference-board.org/data/
About The Conference Board
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Summary Table of Composite Economic Indexes
2014 6-month
Oct Nov Dec Jun to Dec
Leading Economic index (LEI) 305.9 p 308.2 p311.6 p
Percent Change 0.9 p 0.8 p 1.1 p 5.9
Diffusion 66.7 50.0 91.7 83.3
Coincident Economic Index (CEI) 266.2 p 266.5 p269.3 p
Percent Change 0.1 p 0.1 p 1.1 p 2.9
Diffusion 80.0 60.0 100.0 80.0
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights
Reserved
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