Conference Board May Leading Economic Index for China +0.7%

• +0.7% in May to 290.2 (2004 = 100)
• Prior was +1.0% in both April and March
• Four of the six components contributed positively to the index in May

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Coincident Economic Index

• Also +0.7% in May to 259.7 (2004 = 100)
• Priors were +0.7% increase in April & +1.5% in March
• All five components contributed positively to the index in May

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Jing Sima, Economist at The Conference Board:

• “While the Leading Economic Index for China increased in May, its rate of increase has slowed considerably in recent months. The LEI, and its underlying components, suggest continued weaknesses in China’s real economy in the coming months”
• “April’s sharp improvement in the real estate sector was short-lived and consumers remain in a pessimistic mood. Moreover, the Coincident Economic Index indicates the rate of current economic activity is substantially lower than last year.”