Lan Shen, Economist at Standard Chartered, points out that their China SMEI reading (Bloomberg: SCCNSMEI ) shows that SME activity started losing momentum in June. Key Quotes “The headline SMEI reading fell to 56.0 in June from 58.3 in May, and the growth momentum index weakened to 10.7 from 15.0.” “All three sub-indices retreated in June. The ‘current performance’ sub-index dropped 3.1ppt to 57.1, and the ‘expectation’ sub-index eased 2.9ppt to 59.2, reflecting downside risk in the economy.” “The ‘credit’ sub-index also softened, and was the lowest among the three at 51.7, suggesting worsening financing conditions for SMEs.” “Real activity showed signs of stagnation in June mainly due to cooling demand on slowing economic growth and a plateau in exports, squeezed profitability on rising raw-material prices, and worsening financing conditions for SMEs.” “Slowing economic growth adds to the case for more accommodative monetary policy, in our view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD rallies to 1.1773 not ruled out – Commerzbank FX Street 3 years Lan Shen, Economist at Standard Chartered, points out that their China SMEI reading (Bloomberg: SCCNSMEI ) shows that SME activity started losing momentum in June. Key Quotes "The headline SMEI reading fell to 56.0 in June from 58.3 in May, and the growth momentum index weakened to 10.7 from 15.0." "All three sub-indices retreated in June. The 'current performance' sub-index dropped 3.1ppt to 57.1, and the 'expectation' sub-index eased 2.9ppt to 59.2, reflecting downside risk in the economy." "The 'credit' sub-index also softened, and was the lowest among the three at 51.7, suggesting worsening financing conditions for SMEs." "Real activity… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
