SEB’s China Financial Index signals clear weakening of long-term optimism
SEB’s China Financial Index, an indicator of business sentiment among northern European companies’ subsidiaries in China, dropped to 53.6 in November last year, from 57.8 in the previous survey conducted in May. The latest survey shows growing market uncertainty, particularly related to customer demand, as well as a dampened business outlook over the next six months. This index value is now at its lowest level since May 2020, when the situation was heavily influenced by the onset of the Covid-19 outbreak. Even so, the results are aligned with expectations – as forecasted growth