Indicators

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

W&P GDP Growth Stat for China
Source: Thomson Reuters Datastream, Wellershoff & Partners

China’s economy remains weak

Zurich, July 11, 2019

According to the W&P GDP Growth Stat for China, which is based on bottom-up, sector-specific data, the Chinese economy grew by 6.0 percent year-on-year in the first quarter of 2019. 
 
The Chinese economy remains fragile. Private consumption was disappointing in the second quarter. Available data suggests that the retail sector has slowed further. Other indicators, such as car sales, confirm the weak growth dynamics in consumer spending. Like companies, consumers are held back by the authorities’ stricter lending policies. Correspondingly, growth figures for mortgage loans and consumer loans have clearly lost momentum over recent quarters.
 
Available production figures for the industry also point to a slowdown in growth. For individual industrial sectors, however, the growth momentum is heterogeneous. The mining sector and the steel industry have recently expanded well, likely thanks to the government's stimulus measures. Industries related to the real estate sector also performed robustly. By contrast, the energy sector and consumer-related industries remained particularly weak.

Doubts about the reliability of the official GDP statistics are widespread among investors and other China-watchers. In response, the W&P GDP Growth Stat for China offers an alternative statistical indicator to capture China’s GDP performance. Please contact us for monthly updates on the W&P GDP Growth Stat for China and further research and insights based on it. Details and background information are to be found in the Critical Perspectives attached below.

Contact

Dr. Adriel Jost
+41 44 256 10 32
adriel.jost@wellershoff.ch


W&P Economic Indicators

W&P Economic Indicators
Source: European Commission, Thomson Reuters Datastream, Wellershoff & Partners

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.

Contact

Dr. Adriel Jost
+41 44 256 10 32
adriel.jost@wellershoff.ch