China Credit Impulse Leads Global Manufacturing PMI
China credit impulse tends to lead global manufacturing PMI by 12 months. Credit impulse is the change in new credit issued as a percentage of GDP.
Image: Nordea and Macrobond
China credit impulse tends to lead global manufacturing PMI by 12 months. Credit impulse is the change in new credit issued as a percentage of GDP.
Image: Nordea and Macrobond