According to the National Bureau of Statistics, China’s April economic data appeared to be stable. Despite the effect of holidays and high base from the prior year, overall improvements were seen in key indicators such as industrial output, exports, employment,…
In April, the Caixin China General Services PMI dropped by 0.3 points from the previous month to 52.5. The index remained in expansionary territory for the 16th straight month. This trend was not consistent with the Services PMI released by…
The National Bureau of Statistics announced that the manufacturing PMI in April was 50.4, 0.4 points down from March’s 50.8, maintaining the expansion. In terms of the size of enterprises, the PMI for large corporates was 50.3, a decrease of…
The Hong Kong Census and Statistics Department (C&SD) published the March Consumer Price Index (CPI). Overall CPI rose 2.0% YoY in March, down 0.1ppt from 2.1% in February. Excluding the impacts of one-off relief government measures, the Composite CPI rose…
In March, the total retail sales of consumer goods reached 3.9 trillion yuan, a YoY increase of 3.1%, lower than expectations. The retail sales of consumer goods other than motor vehicles reached 3.5 trillion yuan, up 3.9%. In terms of…
According to the National Bureau of Statistics, the national consumer price index (CPI) in March rose by 0.1% YoY and fell by 1.0% MoM. Excluding food and energy prices, core CPI rose by 0.6% YoY, maintaining a moderate increase. Due…
The National Bureau of Statistics announced that the manufacturing PMI in March was 50.8, 1.7 points up from February’s 49.1. returned to the expansion for the first time in nearly half a year. In terms of size of enterprises, the…
The National Bureau of Statistics announced that from January to February, the total profits of industrial enterprises above the designated size reached RMB914 billion, up 10.2% YoY, the first positive growth since 2023. Benefiting from the improvement in both domestic…
In April, the total retail sales of consumer goods in China reached CNY3.49tn, +18.4% YoY, which was lower than the market’s expectation of 21.9%. The retail sales of consumer goods excluding automobiles were CNY3.13tn, +16.5% YoY. In 4M23, the total…
According to the National Bureau of Statistics of China, the CPI for April increased by 2.1% YoY, which is the highest increase since December 2020. The increase is mainly due to the impact of the continuous rise in international commodity…
