India's Conference Board Leading Economic Index Expands In January 21-Feb-2014


India’s leading economic index advanced 0.7 percent month-on-month in January, after growing 0.2 percent in December. In November, the index had recorded a 0.8 percent fall. Six of the eight components contributed positively to the index in January. The leading economic index increased for the second consecutive month in January, and at a faster rate than at the end of last year, suggesting that the economy could see some upsides in the coming months, survey data released by the Conference Board showed. Meanwhile, the coincident economic index, which measures the current economic situation, dropped 0.9 percent sequentially at the beginning of the year. This followed a 1.1 percent increase in December. During the six months ended January, the leading index contracted by 0.9 percent, and the coincident index fall sharply by 3.6 percent.