The main bright spot was a healthy pick-up in industrial output thanks to the strength in exports. Retail sales and fixed investment remained resilient. Meanwhile, troubles in the property sector continued to weigh on the sector. Overall, the economy was still making headway last month. And given positive signals from policymakers, we continue to anticipate a modest rebound over the coming quarters.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services