The Conference Board Leading Economic Index® for China Increased in August
BEIJING, Sept. 25, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for China increased 0.7 percent in August to 299.8 (2004 = 100), following a 1.2 percent increase in July and a 1.3 percent increase in June. Three of the six components contributed positively to the index in August.
"The monthly growth in the LEI for China slowed markedly in August as real estate activity weakened and consumer expectations fell again," said Andrew Polk, resident economist at The Conference Board China Center in Beijing. "Meanwhile, growth in current economic conditions, as measured by the coincident economic index, was unchanged as a contraction in production output offset growing retail sales. Targeted policy measures may provide some support in Q4, but the LEI does not point to a sustained pick up in the economy any time soon."
The Conference Board Coincident Economic Index® (CEI) for China, which measures current economic activity, was unchanged in August at 264.6 (2004 = 100), following 1.0 percent increases in both July and June. Two of the five components contributed positively to the index in August.
About The Conference Board Leading Economic Index® (LEI) for China
The Conference Board Leading Economic Index® 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® (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 2014 indicator releases:
http://www.conference-board.org/data/
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. For additional information about The Conference Board and how it can meet your needs, visit our website at www.conference-board.org.
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Summary Table of Composite Economic Indexes |
|||||||
2014 |
6-month |
||||||
Jun |
Jul |
Aug |
Feb to Aug |
||||
Leading Economic index (LEI) |
294.2 |
p |
297.8 |
p |
299.8 |
p |
|
Percent Change |
1.3 |
p |
1.2 |
p |
0.7 |
p |
6.2 |
Diffusion |
75.0 |
75.0 |
41.7 |
91.7 |
|||
Coincident Economic Index (CEI) |
262.1 |
p |
264.7 |
p |
264.6 |
p |
|
Percent Change |
1.0 |
p |
1.0 |
p |
0.0 |
p |
4.4 |
Diffusion |
100.0 |
80.0 |
50.0 |
100.0 |
|||
n.a. Not available p Preliminary r Revised |
|||||||
Indexes equal 100 in 2004 |
|||||||
Source: The Conference Board All Rights Reserved |
SOURCE The Conference Board
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