A leading index for the Chinese economy spiked in May, the latest survey from the Conference Board showed on Wednesday - rising 1.1 percent.
That follows the upwardly revised 1.4 percent jump in April (originally 1.1 percent) and the 0.2 percent increase in March.
"Growth in the LEI moderated somewhat in May, dragged down by weak manufacturing data, poor export performance, and still-struggling new construction starts," said Conference Board economist Andrew Polk. "The growth rate of the LEI has been very volatile in recent months suggesting the second quarter's economic stabilization will be shallow and short-lived."
The coincident index advanced 0.6 percent following the upwardly revised 0.1 percent gain in April (originally flat) and the 2.9 percent spike in March.
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