The Conference Board Leading Economic Index for China was released at 0200GMT today.
- +0.9% in November (prior was +0.8% in October)
Comments from Jing Sima, senior economist at The Conference Board:
- “Despite the increase in November, with bank loans as the primary driving force, the six-month growth in the China Leading Economic Index continues to moderate
- Real estate activity continues to deteriorate
- Manufacturing and industrial output both showed significant weaknesses in November as well
- It is highly doubtful that the central bank’s recent policy easing will prevent China’s economy from losing further momentum in the coming months.”
The Coincident Economic Index (measures current economic activity):
- +0.1 percent in November (following a 0.1 percent increase in October and a 0.4 percent increase in September)
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Other data released during the Asian session today:
