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. The latest data shows:
• Our China growth tracker declined 1 point WoW ahead of the Chinese New Year (Chart 1).
• Iron ore price annual growth continued to improve, up 6pp WoW, as it pushed past October highs (Chart 3). Meanwhile, copper is down on the week but has remained in a volatile range. Annual growth is down 3pp WoW (Chart 4).
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. The latest data shows:
• Our China growth tracker declined 1 point WoW ahead of the Chinese New Year (Chart 1).
• Iron ore price annual growth continued to improve, up 6pp WoW, as it pushed past October highs (Chart 3). Meanwhile, copper is down on the week but has remained in a volatile range. Annual growth is down 3pp WoW (Chart 4).
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