China Leading Index Rises Again

(RTTNews) - A leading indicator of the Chinese economy continued to rise in August and at a marked pace, new figures showed on Friday.

The Conferece Board Leading Economic Index for China increased 0.7% from July, following a 0.8% increase in the previous month. Three of the six components of the index contributed positively to growth.
"The China LEI's increase in August suggests continuing growth and receding risks of a slowdown in coming months," Conference Board economist Ataman Ozyildirim said. "Still, half of our indicators are showing a decline rather than a rise in August from July."
Meanwhile, the coincident index, a measure of current economic conditions, jumped 1% in August following a 0.5% increase in July.