Counterpoint Macro Index – July 2023
Overview:
Counterpoint's Macro Index rose to 80.05 in July from 79.53 in June, driven by robust economic data in the US and Europe, which fostered hopes of a soft landing for the global economy. The tech supply chain was the other contributing factor, particularly on the semiconductor front, as the downturn may finally show signs of reversing.
Global economic indicators remained robust in the US and Europe, as consumer and business confidence continued to rise, accompanied by easing inflation. However, China's economy began to exhibit signs of a potential recession.
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Published
Aug 23, 2023
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Author
Archie Zhang
Archie Zhang is a Beijing-based research analyst specializing in the smartphone market.
Formerly an award-winning Financial Times journalist covering China’s tech sector, Archie brings a unique blend of industry insight and storytelling expertise to market analysis.
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