Data NOW_ China Five-factor Consumer Activity Z-Score vs. MSCI China
2024-12-05 02:58
M Update China Equity Strategy | Asia Pacific December 2, 2024 02:33 AM GMT Data NOW: China Five-factor Consumer Activity Z-Score vs. MSCI China Key Takeaways Consumer Z-score rebounded but is still negative. Passenger car and commodity retail improved slightly, partially thanks to the consumer goods trade-in program. Household loans and catering remained weak. Renewal/expansion of the trade-in program and other consumption stimulus are key to watch. Exhibit 1: China Five-factor Consumer Activity Z-Score vs ...