China Growth Back On Track

July 20, 2011 by Douglas A. McIntyre

Data from The Conference Board show that China’s growth has been rekindled, albeit modestly. “The Conference Board Leading Economic Index for China increased 0.5 percent in May to 155.0 (2004 = 100), following a 0.1 percent increase in April and a 0.9 percent increase in March,” the firm said.

The six components of The Conference Board Leading Economic Index for China include:

Total Loans Issued by Financial Institutions (source: People’s Bank of China)

5000 Industry Enterprises Diffusion Index: Raw Materials Supply Index (source: People’s Bank of China)

NBS Manufacturing PMI Sub-Indices: PMI Supplier Deliveries (source: National Bureau of Statistics)

Consumer Expectations Index (source: National Bureau of Statistics)

Total Floor Space Started (source: National Bureau of Statistics)

NBS Manufacturing PMI Sub-Indices: Export Orders (source: National Bureau of Statistics)

The one set of data does not mean enough to say whether it is a sign of a growth is inflation. Economists will have to wait for PMI and direct inflation data to tell that.

Douglas A. McIntyre

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.