China’s economic rebound showed signs of plateauing in September, weighed down by lackluster home and car sales, a weaker stock market and worsening business confidence.
That’s the assessment from the earliest available indicators, which showed China’s recovery is losing pace. The aggregate index combining eight indicators tracked by Bloomberg this month slipped into contraction, compared with accelerated expansion in August.
China has staged an uneven recovery, initially driven by strong industrial output yet with recent data showing signs that consumption had started to catch up. A strong and broad spurt in spending is needed for a more meaningful economic rebound.