Yicai news agency's China Chief Economist Index reached 50.78 in November, up from 50.62 previously and above the expansion mark of 50 for the second consecutive month, the news agency said. Economists surveyed expect October's CPI to hit 0.417% y/y with PPI declines narrowing to 2.42% from 2.8% in September. Retail sales are forecasted to increase 4.1% versus September’s 3.2%, while industrial value added was anticipated at 5.33% growth y/y, down from 5.4% previous. Economists noted the equipment renewal cycle will slow down in 2025 and presents a downside risk to manufacturing investment in H2.
CHINA PRESS: Yicai Chief Economist Index Up In November
Last updated at:Nov-06 01:23By: Lewis Porylo
China
Yicai news agency's China Chief Economist Index reached 50.78 in November, up from 50.62 previously and above the expansion mark of 50 for the second consecutive month, the news agency said. Economists surveyed expect October's CPI to hit 0.417% y/y with PPI declines narrowing to 2.42% from 2.8% in September. Retail sales are forecasted to increase 4.1% versus September’s 3.2%, while industrial value added was anticipated at 5.33% growth y/y, down from 5.4% previous. Economists noted the equipment renewal cycle will slow down in 2025 and presents a downside risk to manufacturing investment in H2.
