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- Chinese economy likely rebounded in May – Yicai
Chinese economy likely rebounded in May – Yicai
The Chinese economy likely rebounded in May as declines in industrial output and consumption narrowed, Yicai.com reported, citing economists.
Additional takeaways
“Economists surveyed by Yicai expected industrial output fell 0.49% y/y in May, compared to the 2.9% decline in April, as power consumption by industrial enterprises in Shanghai recovered to 80.5% of the level same period last year while logistics also improved.”
“A decline in consumption narrowed to a 7% YoY dip from the previous 11.1% decline.”
“Fixed-asset investment may remain upbeat, growing about 7.2% amid policy pushes to boost the economy.”
China is set to release its May activity numbers on Wednesday.
Also read: USD/CNH Price Analysis: Bulls cheer fresh monthly high with eyes on 6.7860
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