China Weekend Data to Hint at Economic Readiness for Trade War
- Purchasing manager indexes forecast to underline slowing pace
- Sub-indexes show demand for exports as higher tariffs loom
Photographer: Brent Lewin/Bloomberg
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A key economic release this Saturday will give one of the earliest signs of how China’s economy is faring as a wave of higher tariffs on trade with the U.S. approaches.
As the first official reading for June, the purchasing managers indexes will probably show the economy easing back further, according to economists surveyed by Bloomberg. Factories will be one of the initial places to see any impact from an impending trade war, as the effect of expected higher duties travels back along Asian supply chains. Indicators of services and construction will also show how domestic demand is holding up.