The Conference Board Leading Economic Index(R) for China
Increased in November
PR Newswire
BEIJING, Dec. 22, 2014
BEIJING, Dec. 22, 2014 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for China increased 0.9 percent in
November to 308.0 (2004 = 100), following a 0.8 percent increase in
October and a 1.0 percent increase in September. Three of the six
components contributed positively to the index in November.
"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," said Jing Sima, senior
economist at The Conference Board. "Real estate activity continues
to deteriorate, and 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 Conference Board Coincident Economic Index(R) (CEI) for
China, which measures current economic activity, increased 0.1
percent in November to 266.4 (2004 = 100), following a 0.1 percent
increase in October and a 0.4 percent increase in September. Three
of the five components contributed positively to the index in
November.
The Conference Board LEI for China aggregates six economic
indicators that measure economic activity in China. Each of the LEI
components has proven accurate on its own. Aggregating individual
indicators into a composite index filters out so-called "noise" to
show underlying trends more clearly.
About The Conference Board Leading Economic Index(R) (LEI) for
China
The Conference Board Leading Economic Index(R) for China was
launched in May 2010. Plotted back to 1986, this index has
successfully signaled turning points in the economic cycles of
China. The Conference Board also produces LEIs for Australia,
Brazil, the Euro Area, France, Germany, India, Japan, Korea,
Mexico, Spain, the United Kingdom, and the United States.
The six components of The Conference Board Leading Economic
Index(R) (LEI) for China include:
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)
For more information including full press release and technical
notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=11
To view The Conference Board calendar of 2014 indicator
releases:
http://www.conference-board.org/data/
About The Conference Board
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membership and research association working in the public interest.
Our mission is unique: To provide the world's leading organizations
with the practical knowledge they need to improve their performance
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United States. For additional information about The Conference
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Summary Table of Composite Economic Indexes
2014 6-month
Sep Oct Nov May to Nov
Leading Economic Index (LEI) 302.9 p305.4 p308.0 p
Percent Change 1.0 p 0.8 p 0.9 p 6.0
Diffusion 66.7 50.0 41.7 83.3
Coincident Economic Index (CEI) 266.0 p266.2 p266.4 p
Percent Change 0.4 p 0.1 p 0.1 p 2.7
Diffusion 80.0 80.0 60.0 80.0
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved
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SOURCE The Conference Board
/Web site: http://www.conference-board.org