Bloomberg monitor 5 private indicators of China's economy, and have summarised them
In brief, all 5 are up from February
1. The China Economic Panel (a joint project of The Centre for European Economic Research (ZEW) in Mannheim, Germany, and Fudan University in Shanghai):
- March reading for expectations over the coming year: 14.5 (from minus 4.2 in February)
- Current situation gauge 3.3 (from 4.3 last month)
2. China Satellite Manufacturing Index
- 51.8 (from 51.1 in February)
- one of the best readings in the past five years
3. Standard Chartered Small and Medium Enterprise Confidence Index
- 60 this month
- The highest in almost two years
- Sub-indexes sales, production and profitability all strengthened
- Outlook for investment softened
4. A survey of sales manager sentiment
- 52.2
- Up this month to a 20-month high
5. S&P Global Platts China Steel Sentiment Index (a survey of about 75 to 90 China-based market participants including traders and steel mills)
- 49.19 in March
- from 25.21 in February
