China’s Consumer Recovery Under Scrutiny as Economy Rebounds
- High frequency economic indicators show gains in April
- Data affected by low base last year during Shanghai lockdown
The world’s second-largest economy expanded at the fastest pace in a year last quarter, with analysts watching closely to see if the recovery can be sustained.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s high frequency indicators show the economy continued to expand in April, although the strength of the recovery is under scrutiny amid an uncertain global environment and relatively high unemployment.
Bloomberg’s aggregate index of eight early indicators rose one level to 5 in April, largely due to a jump in car and home sales from a year earlier. The comparisons with last year overstate the strength in consumption, though, since Shanghai was in lockdown then, which resulted in a slump in economic activity at the time.