China | Economics & Growth | Emerging Markets
China Growth Tracker: May Composite PMI to Slip to 53.3
- By Bilal Hafeez and Ben Ford
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- 2 min read
We published a note on how to track Chinese growth in real time using financial and commodity market prices. In these weekly reports, we update the indicators to help us track growth.
Summary
- Our high-frequency China reopening index suggests the composite PMI will slip to 53.3 for May. Our market data-based China growth tracker remained pessimistic.
- In contrast, our economic data-based China growth tracker continues to produce a positive outlook on the economy with Manufacturing New Orders the only negative component.
We published a note on how to track Chinese growth in real time using financial and commodity market prices. In these weekly reports, we update the indicators to help us track growth.
Summary
- Our high-frequency China reopening index suggests the composite PMI will slip to 53.3 for May. Our market data-based China growth tracker remained pessimistic.
- In contrast, our economic data-based China growth tracker continues to produce a positive outlook on the economy with Manufacturing New Orders the only negative component.
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