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Economic Buzz: China CB Leading Economic Index Inches Down In March
(25-Apr-2024, 08:34 Hours IST)  
The Conference Board Leading Economic Index (LEI) for China fell by 0.2 percent in March 2024 to 151.5 (2016=100), following a downwardly revised 0.3 percent decrease in February. As a result, the LEI declined by 1.3 percent during the six-month period ending March 2024, a smaller decrease than the contraction of 2.1 percent over the previous six-month period.

The Conference Board Coincident Economic Index (CEI) for China also dropped significantly by 1.7 percent in March 2024 to 146.4 (2016=100), more than reversing a 0.7 percent increase in February. The CEI grew by 1.6 percent in the six-month period between September 2023 and March 2024, a faster pace than the 0.4 percent growth rate over the previous six months period.

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

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