Chinese Leading Economic Index Continues To Rise

China's leading economic index continued to improve in July, the Conference Board said. But the strengths among the leading indicators were less widespread than the weaknesses this month.

The indicator rose 0.5% in July after increasing 0.7% in June. The four of the six components that make up the leading index decreased in July. During the six-month span through July, the indicator gained 3.4%. 

The Conference Board coincident economic index, a measure of current economic activity, also rose 0.5% in July. The indicator had increased 1% in June and 0.9% in May. Value-added industrial production eased for the first time since January this year, while all the other coincident indicators advanced in July.

With this month's gain, the coincident economic index moved up 6.5% in the six-month period through July, slightly better than the gain of 5.9% recorded for the previous six months. Moreover, the strengths among the coincident indicators remained very widespread, with all components advancing in recent months.

Source: RTTNews