In Q2 19, Chinese growth slowed down (+6.2%) to reach its lowest rate since 1992. While such economic growth would be very significant in most developed countries, the pace is slowing down and US tariffs are being blamed. Schneider should report lower organic growth in Q2, as Q1 (+8% lfl) benefited from distributor restocking ahead of a change in VAT.
16 Jul 2019
Chinese growth expected to normalise
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Chinese growth expected to normalise
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
16 Jul 2019 -
Author:
Luis Pereira -
Pages:
3
In Q2 19, Chinese growth slowed down (+6.2%) to reach its lowest rate since 1992. While such economic growth would be very significant in most developed countries, the pace is slowing down and US tariffs are being blamed. Schneider should report lower organic growth in Q2, as Q1 (+8% lfl) benefited from distributor restocking ahead of a change in VAT.