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China's August M2 Money Supply Growth Slows to 7.5%, Below Forecast
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According to data from Jin10, China's M2 money supply annual rate for August came in at 7.5%, slightly below the market expectation of 7.6% and down from the previous month's reading of 7.7%. This data point indicates a marginal slowdown in the growth of the broadest measure of money supply in the Chinese economy. The figure is a key indicator monitored by analysts and policymakers to gauge monetary conditions and economic liquidity. The lower-than-expected reading may suggest a continued cautious approach in monetary easing or reflect underlying economic dynamics. The data was released by Jin10, a Chinese financial information service provider.
Source report
China's broad money supply (M2) grew at an annual rate of 7.5% in August, slightly below market expectations.
- Actual: 7.5%
- Expected: 7.6%
- Previous: 7.7%
The figure marks a modest deceleration from the prior month's reading of 7.7%.
Source
金十数据Eastern
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China’s August M2 money supply growth slows to 7.5%, missing expectations