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The Conference Board Leading Economic Index® for China Increases in January
By: PR Newswire
Feb. 20, 2013 09:00 PM
BEIJING, Feb. 20, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for China increased 1.0 percent in January to 253.4 (2004 = 100), following a 0.4 percent increase in December and a 1.1 percent increase in November. Four of the six components contributed positively to the index in January.
Says Andrew Polk, resident economist at The Conference Board China Center in Beijing: "January's acceleration in the LEI was driven primarily by consumer expectations and estimated real estate activity, both of which were likely positively affected by the Chinese New Year holiday. Credit extension also contributed to the increase in the LEI. Despite the seasonal uptick in some components, recent gains in the LEI have become less widespread and the current rebound in economic activity continues to look modest."
The Conference Board Coincident Economic Index® (CEI) for China, which measures current economic activity, increased 0.6 percent in January to 233.7 (2004 = 100), following a 1.1 percent increase in December and a 1.4 percent increase in November. All five components contributed positively to the index in January.
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® (LEI) for China
The six components of The Conference Board Leading Economic Index® (LEI) for China include:
Total Loans Issued by Financial Institutions (source: People's Bank of China)
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 2013 indicator releases: http://www.conference-board.org/data/
About The Conference Board
SOURCE The Conference Board
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