Keybridge China Economic Momentum Monitor: August 2011
Index suggests China still poised for a moderation of growth in the near term.
The Keybridge Research China Economic Momentum Monitor decreased from +12.5 in July (revised) to +6.3 in August. Industrial Production and Consumers & Households made positive contributions to the Index. Business Activity was neutral, while Exports and Real Estate & Construction both made negative contributions.
Although the Index has declined recently, the sources of weakness are predominantly trade and cooling property markets. With strong industrial production, improving new orders, and a growing consumer sector, China appears to be developing more internal sources of growth. However, the overall outlook is still for a moderation of growth over the next 3 to 6 months.
Note: Past editions of the China Economic Momentum Monitor are published for illustrative purposes only. For more information on regular subscriptions, please contact Keybridge Research.
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