The Conference Board Leading Economic Index® (LEI) for China increased 0.6 percent in October to 341.7 (2004 = 100), following a 1.6 percent increase in September and a 0.9 percent increase in August. Total loans issued by financial institutions made the largest positive contribution to the index, followed by the 5000 industry enterprises diffusion index: raw materials supply index*, the (inverted) PMI supplier delivery index, and the consumer expectations index*. Total floor space started and the PMI new export orders index declined in October.
The Conference Board Coincident Economic Index® (CEI) for China, which measures current economic activity, increased 2.0 percent in October to 282.0 (2004 = 100), following a 1.5 percent decline in September and a 0.7 percent increase in August. Retail sales of consumer goods, volume of passenger traffic*, manufacturing employment*, and value-added industrial production increased. Electricity production declined in October.
The Conference Board LEI for China aggregates six economic indicators that measure economic activity in China. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.