CH GDP q/y

China’s GDP growth slowed down more than expected. The vulnerable macro picture could improve if the leaders surprise the audience by making substantial changes to boost consumption. However, this is not our baseline expectation. China’s outlook in short • China’s GDP growth slowed down to 4.7% in Q2. Growth relies much on fixed asset investment in manufacturing and infrastructure while consumer confidence remains low and the downturn in the housing market continues. • The outlook is further challenged by the increasing number of ...

Copper prices are trading in a muted fashion across the European morning on Monday. The latest economic data out of China overnight has done little to inspire confidence amongst bulls. Q2 GDP was seen falling to 4.7% from 5.3% prior, below the 5.1% the market was looking for. Growth is now at its lowest level since Q1 2023. Additionally, annualised industrial production was seen at 5.3% last month, while slightly higher than the 5% the market was looking for, the reading marks a decline from the prior 5.6% reading and is the second ...

China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll. June retail sales also missed estimates, rising 2% compared with the 3.3% growth forecast. Industrial production, however, beat expectations up by 5.3% in June from a year ago, higher than Reuters estimate of 5% growth. Urban fixed asset investment for the first six months of the year rose by 3.9%, meeting expectations. Investment in infrastructure and ...

China's economy likely slowed in the second quarter as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to unleash more stimulus. Data released on Monday is expected to show the world's second-largest economy grew 5.1% year-on-year in April-June, slowing from 5.3% in the previous three months and the weakest growth since the third quarter of 2023, according to a Reuters poll. The figures come as Beijing seeks to shore up economic confidence at a highly ...

The first quarter data confirmed that stimulus measures are boosting China’s GDP growth towards the 5% target in 2024. At the same time, sectoral differences are large as consumer confidence is weak and the downturn in the housing sector continues. China’s GDP increased by 5.3% y/y and 1.6% q/q in the first quarter of 2024. The quarterly numbers were somewhat higher than had been expected but many monthly indicators actually weakened in March. There continues to be large sectoral differences in the short-term outlook which is not a ...

China’s National Bureau of Statistics has published key economic activity for March and the first quarter of 2024. The highlight was China's 1Q24 GDP coming in stronger than expected at 5.3% YoY, well above the market consensus and our forecasts for 4.8% and 4.7% growth respectively. This positive start to the year bodes well for the economy managing to achieve its 5% growth target for 2024. In the past few months, we have discussed shifting growth drivers in China, and this month’s data further illustrated this development. ...

China’s economic growth beat expectations in the first quarter, as factory output led the expansion bolstering expectations the government can hit its ambitious annual target. Gross domestic product increased 5.3% in the January-to-March period from a year earlier, data released by the National Bureau of Statistics showed Tuesday. That’s higher than the median estimate of 4.8% in a Bloomberg survey of economists and just above a growth rate of 5.2% in the final quarter of 2023. Other Key Figures From the Data: Industrial production ...