Free Trial

MNI CHINA LIQUIDITY INDEX: Economic Outlook Dips In November

MNI (BEIJING)
MNI (Beijing)

Uncertainty remains high in China's economy, according to the MNI China Economy Condition Index

The MNI China Economy Condition Index dipped to 60.3 in November from October’s seven-month high of 69.2, with traders highlighting an uncertain outlook as retail sales improve but investment remains weak.

Some 20.5% of participants perceived economic conditions to be worsening, up from 17.9% the previous month, after retail sales growth hit a five-month high 7.6% y/y in October, but growth in fixed-asset investment slowed to 2.9% growth year-to-date versus the same months of 2022, the lowest since December 2020 and down from 3.1% during January-September.

Keep reading...Show less
425 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The MNI China Economy Condition Index dipped to 60.3 in November from October’s seven-month high of 69.2, with traders highlighting an uncertain outlook as retail sales improve but investment remains weak.

Some 20.5% of participants perceived economic conditions to be worsening, up from 17.9% the previous month, after retail sales growth hit a five-month high 7.6% y/y in October, but growth in fixed-asset investment slowed to 2.9% growth year-to-date versus the same months of 2022, the lowest since December 2020 and down from 3.1% during January-September.

Keep reading...Show less