China’s leading indicators still fading

Bloomie runs a series of leading indicators for China. They are not comprehensive but aren’t bad, either as a general leading indicator:

Bloomberg Economics generates the overall activity reading by aggregating a three-month weighted average of the monthly changes of eight indicators, which are based on business surveys or market prices.

Note the weakness especially in commodity-intensive areas of the economy: realty, cars, factories and steel inventories.

With perhaps the exception of cars, I expect all to get worse through H2.

Houses and Holes
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