August Data Still Weak, but Flurry of New Pro-growth Measures Coming into Play

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September 2019 - August Data Release

China’s growth momentum remains weak, according to The Conference Board Leading Economic Index® for China, based on August data. The decline in investment growth in the manufacturing sector is trending downward more sharply than expected. The government is stepping up measures to counteract this trend that aim at reducing borrowing costs and improving credit access. August trade growth dropped again. The global economic down cycle plus the negative impacts of trade war tariffs combine for a weak near-term outlook.