Electricity output contracted 1.6 per cent in March as against 6.1 per cent growth last year. Capital goods output, which is indicative of investment demand, recorded growth of 8.1 per cent in March as against 2.4 per cent a year ago.
economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s recovery has been. a pretty dire set of numbers, although services is still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and shows how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit downbeat after that initial euphoria has come down.
in activity. the world s second largest economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s economic recovery has been. fix, economic recovery has been. pretty dire set of numbers, although still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and to see how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit
weather max second largest economy grew faster and expected in the first quarter, thanks to robust consumer spending after lockdowns were lifted, but factory output has lagged due to weak global growth and this raises questions about the sustainability of china s recovery. we have a market strategist here, she says the numbers show how uneven china s recovery has been. it is numbers show how uneven china s recovery has been. recovery has been. it is a recovery has been. it is a pretty dire recovery has been. it is a pretty dire set recovery has been. it is a pretty dire set of - recovery has been. it is a l pretty dire set of numbers. recovery has been. it is a - pretty dire set of numbers. it has against come down below expectations but the bigger shockis expectations but the bigger shock is on the manufacturing side, it kind of shows how uneven the recovery is in china. i think two things are really worth noting here, first we are coming from a strong first quarter where we had
While the disaggregated trend was quite uneven, the improved performance of consumer goods is encouraging, , IIP Index February 2023, consumer goods, factory output, industrial growth, Macroeconomy, manufacturing