Indicators
China’s Economy Slows in October as Business Confidence Slumps
- Early indicator index falls to 4, showing momentum dropoff
- Covid resurgence, weaker demand likely drags: StanChart
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China’s economy slowed in October as car and real-estate sales weakened and global trade and small business confidence contracted, signaling last month’s pickup in activity wasn’t enough to change the country’s grim economic picture.
That’s the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge was at 4, indicating a dropoff in momentum after three months of improvement.