For Quick Alerts
For Daily Alerts

China leading index rises 1% in Aug

By Religare

A leading index for China climbed at a faster pace in August, easing worries over a slowdown in the world's second biggest economy, reducing pressure on policymakers to bolster fresh stimulus.

The Conference Board said that its China leading indicator climbed 1 per cent in August from July when it climbed 0.9 per cent.

The gains in the leading index were driven mainly by improved credit growth and strength in the housing sector.


"The August gain in the LEI for China stemmed primarily from bank loans and better performance in housing starts. However, compared to a year ago, housing starts remain deeply entrenched in contractionary territory, suggesting no real improvement in the property market. In addition, the LEI's six-month growth rate has decelerated, pointing to weakening economic conditions in the months ahead", the report by Conference Board said.

The latest data comes as a small relief for China and contrasts to other recent indicators which pointed to a worsening slowdown in the country's economy. China's business sentiment plunged in September, factory growth and new lending cooled in August, and urban fixed asset investment expanded at the slowest pace since 2000 in the first eight months of the year.

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more