China’s economic growth ‘higher in May’
Q2 expected to be stronger than Q2, say analysts
An analysis of China’s May economic activities by UBS Evidence Lab suggests that May growth is higher than the estimates for April for industrial production, consumption ex-auto, and property sales.
UBS predicts that given the strength of April and May signals, Q2 economic growth will be higher than Q1, and above consensus expectations. UBS’s current estimates are a bit lower than its initial estimates for consumption, but slightly higher for real estate sales. UBS Evidence Lab Macro team uses high-frequency data gathered bottom-up from different segments of the economy in its analysis.