Reality Check: Early 2021 High-Frequency Indicators

China’s economic data is scarce in February and early March, and heavily distorted by the timing of the Chinese New Year holiday. The headline data will be even more difficult to interpret this year given the comparisons to February 2020, which was impacted by nationwide restrictions on activity. In this brief chartbook, we take a more careful look at available high-frequency indicators of industrial output and sales activity in early 2021.

Posted February 17, 2021
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