The Conference Board Leading Economic Index® for China Increased in June - KCBD NewsChannel 11 Lubbock

The Conference Board Leading Economic Index® for China Increased in June

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SOURCE The Conference Board

BEIJING, July 21, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for China increased 1.3 percent in June. The index stands at 294.0 (2004 = 100), following a 0.7 percent increase in May and a 1.1 percent increase in April. Five of the six components contributed positively to the index in June.

"June's pickup in the leading economic index for China is unlikely to be fully felt until the final quarter of the year, even though slight monetary loosening and better export performance could underpin more economic activity sooner," says Andrew Polk, resident economist at The Conference Board China Center in Beijing.  "The economy's recent lift was mainly policy-induced as large amounts of infrastructure spending breathed life into the industrial sector, but the rate of growth remains fragile unless underlying consumer and investment conditions solidly strengthen."

The Conference Board Coincident Economic Index® (CEI) for China, which measures current economic activity, increased 0.9 percent in June to 262.1 (2004 = 100), following a 0.7 percent increase in May and a 0.7 percent increase in April. All five components contributed positively to the index in June.

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 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.

 

Summary Table of Composite Economic Indexes



2014


6-month


Apr


May


Jun


Dec to Jun

Leading Economic index (LEI)

288.3

290.3

p  

294.0

p


    Percent Change 

1.1

p   

0.7

p  

1.3

p  

5.2

    Diffusion    

66.7


58.3


75.0


66.7









Coincident Economic Index (CEI)

258.0

p  

259.8

p  

262.1

p


    Percent Change 

0.7

p  

0.7

p  

0.9

p  

2.3

    Diffusion 

100.0


100.0


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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