Monday, April 11, 2011

China's Engine: February 2011

Looking at the latest release of the OECD economic indicators for China, it appears that the massive jump in economic activity seen since the panicky period of late 2008 took a notable pause throughout most of 2010 and now appears back on the rise (note... this is a highly revised series that has been swinging between expansion to contraction with each monthly release).

China’s leading economic indicator suggests that economic activity expanded in February showing a month-to-month increase of 0.04% bringing the latest level 0.49% below the level seen in February 2010.