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ChnJun10Rev

ChnJun10Rev

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Published by: qtipx on Jun 29, 2010
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09/12/2010

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 News Release
Follow The Conference BoardFor further information:
BEIJING: The Conference Board China Center for Economics and BusinessClaire Xia + 86 10 8532 4688/claire.xia@conference
board.org NEW YORK: The Conference BoardFrank Tortorici + 1 212
339
0231 /f.tortorici@conference
board.org 
For release June 29, 2010 10:00 A.M. Beijing time (June 28, 2010, 10:00 P.M. New York time)
Correction: LEI for China Increased 0.3 Percent in April
 NOTE: This release corrects and replaces the June 15, 2010 release of 
The Conference Board Leading Economic Index 
®
(LEI) for China.
Beijing, June 29, 2010
The Conference Board Leading Economic Index
®
 
(LEI) for China increased 0.3percent in April to 145.0 (2004 = 100), following a 1.2 percent increase in March and a 0.4 percentincrease in February. Three of the six components contributed positively to the index in April.The LEI for China was previously reported to have increased 1.7 percent in April but has been revisedto correct a calculation error: the Total Floor Space Started component contributed a negative value,minus 0.1 percent in April, rather than a positive 1.3 percent as originally reported. The correction hasproduced a lower value and monthly change in the LEI, but does not affect the outlook or the historicalcyclical behavior of the index. Only the values of the April LEI for China itself and the Total Floor SpaceStarted component have changed. The correction does not affect any of the other LEI components, nordoes it impact
The Conference Board Coincident Economic Index
®
 
(CEI) for China.Said Bill Adams, resident economist for The Conference Board China Center in Beijing: “The rising trendof the LEI has been moderating since the middle of last year, suggesting there is no strong basis forassuming accelerating growth. The majority of LEI components have been increasing, but consumerexpectations fell in April and new export orders have been weakening for most of the previous sixmonths.”
 
 
Meanwhile,
The Conference Board Coincident Economic Index
®
 
(CEI) for China, a measure of currenteconomic activity, increased 1.2 percent in April to 182.1 (2004 = 100), following a 0.4 percent increasein March and a 1.8 percent increase in February. All five components contributed positively to theindex this month.
The Conference Board Leading Economic Index 
®
 
(LEI) for China Increased in April
2001601401201008060402002040608010012014016086889092949698000204060810The Conference Board Coincident Economic Index®(CEI) for China, left scaleThe Conference Board Leading Economic Index®(LEI) for China, right scalePeak: 1988:07Trough: 1989:10-6-11Apr '10
   I  n   d  e  x ,   2   0   0   4  =   1   0   0
I  n d  e , 0  0 = 0  0 
 The Conference Board LEI for China aggregates six economic indicators that measure economic activityin China. Each of the LEI components has proven accurate on its own. Aggregating individual indicatorsinto a composite index filters out so
called “noise” to show underlying trends more clearly.
About The Conference Board Leading Economic Index
®
(LEI) for ChinaThe Conference Board Leading Economic Index
®
for China was launched in May 2010. Plotted back to1986, this index has successfully signaled turning points in the economic cycles of China.The Conference Board currently produces leading economic indexes for ten other individual countries,including the United States, the United Kingdom, Germany, France, Spain, the Euro Area, Japan,Australia, Korea, and Mexico.The six components of 
The Conference Board Leading Economic Index
®
(LEI) for China include:

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