Snapshot - Monthly viewpoint
Janet Mui: weekly economic update 19 July
Chinese growth slowed in the second quarter, but there are signs that stimulus measures may be starting to help. US data, by contrast, suggests that for now the economy remains strong.
- Chinese GDP slowed to an annualized rate of 6.2% in the second quarter, the slowest pace since 1990. Activity was stronger in June, suggesting growth will stabilize in the second half of the year.
- UK wages grew at an annualized rate of 3.6% in May, the fastest pace since July 2008.
- US retail sales were strong in June, suggesting consumers remain in good shape. There was also robust data from the manufacturing sector.
- Federal Reserve
- Janet Mui
- Market review
- Economics & strategy
- Investment team videos
For Accredited Investors Only. This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument and is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations.
The information in this market outlook is derived from sources which we consider to be reliable. However, it may not in all cases be verified independently and we do not attest to its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Forecasts may be the consensus of extremely divergent possibilities and the full range of potential outcomes should be appreciated. No representation or warranty is made that any value (or proximity to) any value, return or forecast will be achieved. The opinions expressed are those of employees of Schroder & Co. (Asia) Limited, and reflect their judgement at this date and are subject to change. Reliance should not be placed on the views and information in this market outlook when taking individual investment and/or strategic decisions.
No part of this document may be reproduced in any manner without the prior written permission of Schroder & Co. (Asia) Limited.