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China Leading Index Climbs 1.1% In April - Conference Board

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

A leading economic index for China accelerated in April, the latest survey from the Conference Board showed on Friday - rising 1.1 percent.

That follows the upwardly revised 0.5 percent increase in March (originally 0.2 percent) and the 1.4 percent jump in February.

The coincident index was unchanged in April following the upwardly revised 2.9 percent spike in March (originally 1.7 percent) and the 0.7 percent decline in February.

"Despite April's gain in the Leading Economic Index for China, its six-month increase rate continues to slow, confirming a soft growth outlook for China's economy through the summer," said Jing Sima, senior economist at The Conference Board China Center in Beijing. "In addition, the flatness in the Coincident Economic Index for China suggests that the series of growth-support measures announced so far this year has not yet strengthened economic activity."

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