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Daniel Lacalle: China factory output exceeds forecasts in May despite weaker official data
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that China’s factory activity outperformed forecasts in May, according to a private survey.
This positive result comes even though official data indicated softer manufacturing activity, suggesting a divergence between private sector assessments and government figures.
Lacalle has also highlighted stronger-than-expected economic data elsewhere. He recently reported that U.S. consumer confidence and key Federal Reserve indexes outpaced forecasts. In a separate analysis, he noted that U.S. growth and exports remain robust compared to Iran’s economic crisis.
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