JPMorgan Econ FI-China Weak domestic auto demand continued in July-109868720
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- 《JPMorgan Econ FI-China Weak domestic auto demand continued in July-109868720.pdf》
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- 📊 核心数据
- 2023. China’s auto production (NBS, units) fell 2.4%oya in July (vs +1.8%oya
- in June). Seasonally adjusted, we estimate that July auto production fell 3.4%m/m
- sa. The sequential growth trend turned negative, as production fell 5.5%3m/3m
- saar in July. NEV production remained solid, rising 27.8%oya, or +2.0%m/m sa,
- by our estimate. In value-added terms, automobile sector VAI rose 4.4%oya in
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