Fixed Income | Asia Ex-Japan
21 December 2012
Asia Insights: China: Mixed signals from leading indicators
· Nomura's China leading indicator fell in November, but we expect it to pickup in December (Bloomberg ticker: NMEICLI).
· Our heatmap continues to improve, with 67% of indicators positive in November, up from a revised 65% in October.
· We expect growth momentum to continue to build, and maintain our above-consensus GDP forecasts for 4Q and Q1 2013.