July 15, 2019

China’s GDP growth receded to 6.2% yoy in Q2

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

As widely expected, China’s Q2 GDP slowed to 6.2% yoy, after 6.4% yoy in Q1. This marked the weakest level in 27 years. By contrast, monthly real activity data like industrial production (IP), urban investments and retail sales surprised on the upside.
China’s GDP growth receded to 6.2% yoy in Q2
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • As widely expected, China’s Q2 GDP slowed to 6.2% yoy, after 6.4% yoy in Q1. This marked the weakest level in 27 years.
  • By contrast, monthly real activity data like industrial production (IP), urban investments and retail sales surprised on the upside.
  • Given the weak signals from recent PMIs, we are cautious that monthly data already signal a turn-around. That said, monetary as well as fiscal policy measures are markedly supporting the economy.
  • Overall, in the light of the bumpy re-opening of the US-China trade talks and a lifting of tariffs not in sight, we still see the Chinese economy to tend to soften in Q3 before possibly stabilizing in Q4. In case of a stronger slowdown, the government would not hesitate to resort to more policy support.
  • Stock markets in China responded slightly positively overall, turning around from a soft start.

Download the full publication below

CHINA’S GDP GROWTH RECEDED TO 6.2% YOY
IN Q2

Also interesting

brainstorming-concepts
June 23, 2021
Press Releases

Aperture Investors and Sycomore AM Funds now available through Volksbank

Picture1
00:07:08
June 22, 2021
Podcast

The Spotlight ǀ Powering progress: Luca Fasan presents the new Sycomore Global Education Fund

Picture1
June 22, 2021
Active Equity

Powering progress: the Sycomore Global Education Fund