QuickScan: Data Dump July 2024

In this Data Dump, we delve into China’s latest macro data, focusing on the housing market, corporate sentiment, the labour market and exports. We also take a look at whether household spending could pick up over the coming months. Read more in our Data Dump.

New home sales fell sharply in July, based on high-frequency data from 20 major cities, following a seasonal jump in the second half of June. In DeepDive: Data Dump June 2024, we argued that the June data should be taken with a pinch of salt, as the increase appeared to be primarily driven by seasonal factors.