China Center LEI Commentary: Moderation in growth looks set to continue, despite the slight LEI uptick in December
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This China Center members-only QuickNote provides Interpretive Comments on The Conference Board Leading Economic Index® (LEI) and The Conference Board Coincident Economic Index® (CEI) for China.
In December the Leading Economic Index for China expanded 0.7 percent from the month before. However, six-month growth in the LEI continued to moderate compared to mid-2011, extending the overall downward trend in the index. December’s slight gain in the LEI for China can be attributed to an increase in seasonal demand in the run-up to the Chinese New Year, the effects of targeted domestic monetary loosening aimed at soothing credit conditions, and relatively stable exports markets.