China's Conference Board Index improves in Sept

FXStreet (Bali) - The Conference Board Leading Economic Index (LEI) for China increased 1.6% in September vs +1% last.

Andrew Polk, resident economist at The Conference Board China Center in Beijing, said: "China's economic situation, as measured by the coincident index, slowed substantially in September, due to very weak consumer demand and a struggling industrial sector"

"While improving bank credit growth and new housing starts may provide some stabilization to economic growth in the fourth quarter, persistent weaknesses in exports and the manufacturing sector will continue to drag on the economy."
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