China's Official Leading Indicator Actually Climbed In August

China National Bureau of Statistics’ own leading indicator improved from the post-crisis low in July.

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Leading index rose from the post-crisis low of 98.75 in July to 99.63 in August, suggesting a possible improvements of economic activities in the months ahead. For the time being, however, while we believe that a slight improvement in economic activities is possible (thanks to QE-Infinity and OMT), we do not believe that any improvements can be turned into a sustained recovery.

china leading indicator

Photo: Also Sprach Analyst

Source: Bloomberg

This article originally appeared here: China official leading indicator rose in August
Also sprach Analyst – World & China Economy, Global Finance, Real Estate

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