China | Slowdown on weak demand rather than supply issues
China’s official manufacturing PMI fell 0.4 points to 49.2 in October, while the non-manufacturing PMI dropped to 52.4, from 53.2 in September. High frequency indicators show further declines in housing sales in major cities and car sales. These indicators show that economic momentum in China’s industry worsened in October amid the downturn in residential real estate and continued impact from repeated Covid outbreaks.
Download the report to find out:
- What does China’s latest official manufacturing PMI survey tell us?
- Why are supply constraints not a paramount problem for China anymore?
- What’s our latest forecasts for China’s industry and GDP growth?
Tags:
Related Services
Post
House prices continue to slide for China’s cities
Research Briefing China | Slowdown on weak demand rather than supply issues While the property market downturn has been universal, the scale and depth has been varied for different cities and regions.
Find Out More
Post
The Construction Productivity Challenge in Australia
Delve into the state of construction productivity in Australia. Understand the factors affecting growth and how innovation can transform the industry for the better.
Find Out More