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- China's leading economic index increased markedly in the last month
China's leading economic index increased markedly in the last month
The research results, published by Conference Board, showed that at the end of June leading economic index (the LEI) for China increased 0.5 percent to a level of 150.6 points (2010 = 100), after rising 0.5 percent in May and lower 0.1 percent in April. Within six months (from December 2015 to June 2016) index added 1.4 percent, coinciding with the change from the previous six-month period (November 2015 to May 2016).
Recall, the leading economic index is a weighted average, which is calculated based on a number of macroeconomic indicators. The index characterizes the development of the economy over the next 6 months. There is also a rule of thumb that the output value of the indicator in the negative area for three months in succession is an indication of slowing down of the economy.
Meanwhile, the coincident economic indicator (the CEI) increased 1.1 percent in June, to a level of 151.8 points (2010 = 100), after rising by 0.3 percent in May and April. For the six-month period (June) the index rose by 2.6 percent compared with an increase of 1.6 percent over the previous six months (to May).
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