November 14, 2019

China’s real activity data surprised on the downside

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

In Short

Today, China’s real activity data came in weaker than expected, putting in doubt earlier positive signals.
China’s real activity data surprised on the downside
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • Today, China’s real activity data came in weaker than expected, putting in doubt earlier positive signals.
  • As already published at the end of last week, the October inflation rate had strongly shot up on accelerating food prices while non-food inflation continued to show a lack of demand.
  • China’s economic outlook depends very much on the development of the trade war with the US. We assume a “Phase 1” trade deal in December with the looming tariff hike in December to be cancelled.
  • However, this will only decelerate China’s slowing and supportive monetary and fiscal policy is still warranted.

Download the full publication below

CHINA’S REAL ACTIVITY DATA SURPRISED ON
THE DOWNSIDE

Also interesting

us-federal-reserve-washington-spring_web
January 27, 2021
Market Commentary

The Fed tells not to worry about inflation, as it has to finish its job

Macro-view-trading-terminal-chart-digits
January 25, 2021
Market Commentary

US Q4 earnings season starts better than Q3 one. Expect good earnings momentum to linger, supporting positive total returns this year.

size 3
January 22, 2021
Market Commentary

COVID-19 FACTS & FIGURES