Conference Board Leading Economic Index for China, March: +1.2% (vs. +0.9% in February)

The Conference Board Leading Economic Index (LEI) for China:

• increased 1.2% in March (+0.9% in February, and +0.3% in January)
• Index at 285.7
• “six-month growth rate remains moderate, …. The environment for real estate investment is dismal and looks set to continue dragging on economic growth in Q2. Thus March’s sharp rebound of current economic activity is likely to be temporary” – Andrew Polk, resident economist at The Conference Board China Center in Beijing

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This is not a market moving piece of data. Full details here (PDF)