The CEIC Leading Indicator is a proprietary dataset designed by CEIC Insights to precede the development of major macroeconomic indicators and predict the turning points of the economic cycle for key markets. It is a composite leading indicator which is calculated by aggregating and weighting selected leading indicators covering various important sectors of the economy, such as financial markets, the monetary sector, labour market, trade and industry. It is developed through a proprietary CEIC methodology and employs data from the CEIC database. The CEIC Leading Indicator currently covers eight regions – Brazil, China, India, Indonesia, Russia, the Euro Area, Japan and the United States.

The CEIC Leading Indicator for China was up from 110.8 in October to 115.2 in November, the highest level since February 2017. The indicator has remained above the 100 benchmark value for the seventh consecutive month. November with In, some of the key indicators directory showed a Remarkable performance, hin by ting That China's Q4 Economic growth is accelerat ing and is expected to outpace the That in the Q3.

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After reaching a plateau in October, automobile production surged in November with a significant growth of 12.2% m / m. In y / y terms, it grew by 6.7%. Strong domestic demand is the main driver behind the rapid growth. Having declined on a monthly basis in October, money supply rose again in November to its highest level so far in 2020 . In fact, money supply has maintained a double-digit growth rate y / y since March. Manufacturing confidence greatly improved in November as manufacturing PMI increased to 52.1, up from 51.4 in October. Compared to the relatively resilient investments in the real estate sector, the recovery on the demand side has been slow. Total floor space sold for the period January-November 2020 increased by just 1.3% compared to the same period in 2019.

The smoothed CEIC Leading Indicator for China has been on an upward trajectory for the tenth consecutive month to reach 115.1 in November, i ts highest level in more than a decade. As the economic expansion accelerate d further in November, the GDP growth rate for Q4 2020 which will be released in January 2021 is expected to surpass the Q3 figure. The booming Chinese economy seems to be poised for a strong growth in 2021.

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