May Macroeconomic data released today

Data from May on the May macroeconomic data released or validated by the economic recovery process have been released today.　　Experts believe that the May data may further validate the recovery process.　　At present, the market is generally optimistic about the May data, the relevant forecasts are also very optimistic.　　Frank Gong, chief economist at JPMorgan, said that the already published first-data manufacturing Purchasing Managers ' Index (PMI) was over 50%, indicating that the manufacturing sector was still expanding and that investment and consumption would continue to grow strongly. "On a month-on-month basis, the Chinese economy did rebound, which was confirmed by the bottom of the fourth quarter of last year's quarter-on-quarter data," he said.　　Frank Gong said that from the year-on-year data, the Chinese economy has bottomed out between the first quarter and the two quarter, which is expected to be confirmed by May data.　　He also predicted that China's economic recovery could accelerate in the future, with a growth of 10% per cent in the two quarter and three quarters. Southwest Securities Chief macro Analyst Dongxiangan forecasts that May investment and consumption of real data will exceed expectations, the substantial increase in investment will drive the industrial value increase rapidly. The growth of retail sales of consumer goods, excluding price factors, will be flat with April, and may be stable in the future month to 15%-15.3% speed.　　Fixed asset investment growth is likely to be close to 40% per cent, rising 32% to 33% in January-May. Price, PPI and CPI both maintain negative growth into a market consensus, but the scope will remain stable.　　Societe Generale, senior economist Lu County, the May price data is expected to show a steady trend of decline, and April basically flat; the CPI is still negative, but the tail rose, the decline narrowed. The Oriental Securities report said that the year-on-year growth in investment, consumption, money supply and credit in May would remain high, with industrial production growth likely to remain stable, while the year-on-year decline in exports could widen further and deflation is not yet over, but the bottom is approaching. Overall, the economy is still in the process of a sustained recovery.