Nonstop news, surging amounts of data... Too much information is as unhelpful as it is useless. W&P separates the noteworthy from the noisy. Sometimes very compactly. For example, we developed a set of telling economic indicators to illuminate some dynamics that shape the economy. We present two of them here.
W&P GDP Growth Stat for China
The Chinese economy grew by 5.1% in Q3
According to the W&P GDP Growth Stat for China the Chinese economy grew by 5.1 percent year-on-year in the third quarter of 2019. Our estimate is based on bottom-up, sector-specific data.
W&P first presented its own proprietary GDP statistics for China in April 2016. Based on our latest calculations of long-term economic growth in 50 countries, we have now further developed our statistics. The results allows us to draw two conclusions.
First: China's economy has grown much more slowly than officially communicated since 2005. Based on data on population growth, capital formation and productivity, growth since 2005 has averaged 7.1%. W&P estimates are 1.8% lower than officially communicated.
Secondly, despite a lower level, China has recently experienced a positive dynamic. At 5.1 percent growth, our estimate is above trend. Bottom-up data from industry and construction show that production is increasing in various sectors - despite global industrial weakness and falling exports to the USA.
W&P Economic Indicators
The W&P Economic Indicators : a safe bet
Which regions currently affect global economic sentiment the most? How confident are French consumers and where does the Mexican export sector stand? Investigating sentiments is one of the most important branches of modern cyclic analysis. Be it the export, construction or industrial sector, we always have an informative indicator at the ready.
Our offering extends over a whole range of leading indicators including more than 30 economies and regions. We are pleased to offer you access to our economic indicators or compute tailor-made indicators, for example, according to the relative importance of your own sales markets.