Released: 21 May 2020
China Sales Managers Report Continuing Recovery in May
- Business Confidence back at pre-Covid levels
- Sales Index recovers to over 50 level, reflecting growth over April, albeit of very modest proportions
- Staffing levels still reeling from the virus impact and need for social distancing
Sales managers report that most companies are now operational and back to near capacity potential.
The problem is now demand and not capacity constraints.
Export markets remain depressed as clients in many western countries are still in lockdown.
However overall the Chinese economy is showing remarkable resilience, with most schools, factories, restaurants and stores now open.
China: Sales Growth Index
The Sales Growth Index defines the speed and direction of overall sales of goods and services made by business during the month.
MANUFACTURING, SERVICES AND ALL-SECTOR REPORTS AND DATA
ONLY AVAILABLE TO SUBSCRIBERS, SUBSCRIBE NOW