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.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.