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Pre Session Commentary - Detailed News

Economic Buzz: China leading economic index fall 0.2% in August
26-Sep-24   08:24 Hrs IST
The Conference Board Leading Economic Index(LEI) for China decreased by 0.2% in August 2024 to 149.7 (2016=100), after remaining unchanged in July.

The LEI declined by 1.3% over the six-month period from February to August of 2024, after declining by 1.4% over the six-month period between August 2023 and February 2024.

The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term.

The Conference Board Coincident Economic Index (CEI) for China improved by 0.8% in August 2024 to 149.8 (2016=100), following an increase of 0.7% in July.

The Index grew by 1.0% over the six-month period from February to August of 2024, a much slower pace than the 3.4% growth rate over the previous six-month period.

The Coincident Economic Index (CEI) provides an indication of the current state of the economy.

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