Research Briefing | Nov 3, 2021

China | Slowdown on weak demand rather than supply issues

China_slowdown_on_weak_demand_rather_than_supply_issues_first_page

China’s official manufacturing PMI fell 0.4 points to 49.2 in October, while the non-manufacturing PMI dropped to 52.4, from 53.2 in September. High frequency indicators show further declines in housing sales in major cities and car sales. These indicators show that economic momentum in China’s industry worsened in October amid the downturn in residential real estate and continued impact from repeated Covid outbreaks.

Download the report to find out:

  • What does China’s latest official manufacturing PMI survey tell us?
  • Why are supply constraints not a paramount problem for China anymore?
  • What’s our latest forecasts for China’s industry and GDP growth?
Back to Resource Hub

Related Services

Post

Key Global Construction Themes 2024

Global construction activity is forecast to fall over 2024. In this context, we have identified 6 themes that we think will dominate the narrative of the construction sector over 2024.

Find Out More

Post

South Africa: Elections 2024 | ‘Moonshot’ election scenario

This is the last of the four Research Briefings on scenarios for South Africa's general election on May 29. In this scenario, the centre-right opposition to the ANC, united in a coalition around the DA, secures enough votes to form a majority.

Find Out More