Conference Board Leading Economic Index for China up 1.3% in June, to 294.0
- Follows a 0.7% increase in May and a 1.1% increase in April
- Five of the six components contributed positively to the index in June
Andrew Polk, resident economist at The Conference Board China Center in Beijing:
- “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”
- “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”
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The Coincident Economic Index, which measures current economic activity, increased 0.9% 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
