China official leading indicator rose in October
30 November, 2012, 12:21. Posted by Zarathustra
China National Bureau of Statistics’ own leading indicator rose in October, the fourth consecutive month of increase, albeit at a much slower pace.
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October’s leading index rose to 100.42. However, the September number has been revised downward from 100.49 to 100.36. The increase of the index for October is much slower than September, suggesting a good probability of a continued pick-up in economic activities in the final quarter of 2012, although momentum has slowed somewhat.
Source: Bloomberg
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.