N環球 
China's new-economy gauge falls in September as tech, capital and labor inputs weaken
Mastercard Caixin BBD New Economy Index: high value-added industries fell to 34.1% of total inputs in September from 35% in August, with capital, tech and labor inputs all weaker.
Why it matters
China's new-economy gauge slipped in September after rebounding in August, a sign that even the fastest-growing part of the economy lost momentum as capital, technology and labor inputs all softened.
Full report
High value-added industries accounted for 34.1% of China's total economic inputs in September, down from 35% in August, according to the Mastercard Caixin BBD New Economy Index (NEI) released on October 2. The decline reflected weaker readings across all three subindexes — capital, technology and labor inputs.
The NEI tracks labor, capital and technology inputs in 10 emerging industries relative to those in all industries, weighting labor at 40%, capital at 35% and technology at 25%. It uses big data to measure the footprint of technology-intensive, asset-light industries the government has designated as strategic.
The August reading had rebounded to 35%, up 1.2 points, driven by gains in labor and capital inputs. September's pullback comes just days after Caixin reported that China's manufacturing activity returned to expansion in September, though with weak employment and rising costs still pressuring manufacturers.
💬 Comments
No comments yet. Be the first!