招财日报2025.6.2 中国经济/贝克微、比亚迪电子公司点评

招银国际
02 Jun

宏观经济中国经济-关税战缓和改善经济活动在中美关税冲突缓和后,5月中国制造业PMI萎缩幅度收窄,产出和新订单出现反弹,抢出口和转口贸易支撑中国制造业的韧性。消费者信心受到的冲击似乎比预期要小,服务业PMI指数保持在50以上,耐用品销售在以旧换新政策推动下延续增长。但大宗商品价格在关税冲击后下跌,中国PMI中原材料价格和产出品价格指数的收缩幅度加大,显示通缩压力加剧。同时,在不确定性上升的情况下,...

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