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2019/06/28 / Erste Group Research

Week ahead | China – manufacturing PMI data should stabilize

Next week, China's manufacturing PMI data for June will be published. We expect a stabilization. The outcome of the trade conflict with the US will remain decisive for China in the long term, so the focus will be on the expected meeting between Trump and Xi this weekend.

This week, WIFO (Austrian Institute of Economic Research) lowered its 2019 growth forecast for Austria's economy by 0.3% to +1.7%. A further slowdown in GDP growth to +1.5% is expected for 2020. The lower forecasts are mainly due to the weakening of foreign demand, which is weighing on industry.


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General information

AuthorErste Group Research
Date2019/06/28
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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