Conference Board Leading & Coincident Economic Indexes for China, June
Leading Economic Index
- +1.0% in (+1.1% prior)
Andrew Polk, resident economist at The Conference Board China Center in Beijing:
"Growth in the June China Leading Economic Index was virtually the same as in May, with credit creation making a substantial impact. China's growth continues to be driven by bank credit rather than stronger performance in the real economy, and as such the economic outlook remains fragile."
Coincident Index
- +0.4% (+0.5% in May)
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The Conference Board LEI for China aggregates six economic indicators that measure economic activity in China:
- 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)