Q2 GDP and June industrial production above consensus. Retail sales slightly below.
Figure 1: Real GDP, 1992Q1=1 (black), Bloomberg consensus of 7/16 (red triangle), IMF WEO April 2023 (light blue triangle). Source: OECD, IMF WEO, Bloomberg.
Figure 2: Chinese industrial production ex-construction (black), Bloomberg consensus of 7/16 (red triangle). ECRI defined peak-to-trough recession dates shaded blue. Source: OECD, Bloomberg, ECRI.
More By This Author:
Consumer Sentiment: Less “Meh”“It Was The ‘Meh’ Of Times. It Was The Worst Of Times…”
PPI Inflation Down In June
Comments
Log in or sign up to join the conversation.