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New Economy Index Dips to Lowest Level in 13 Months

The MasterCard Caixin BBD China New Economy Index (NEI) fell to 29.2 from 29.6 in May. Photo: VCG
The MasterCard Caixin BBD China New Economy Index (NEI) fell to 29.2 from 29.6 in May. Photo: VCG

A private index that uses big data to gauge China’s new economy dipped to its lowest reading since May 2017, dragged down by decreasing capital inputs.

The MasterCard Caixin BBD China New Economy Index (NEI) fell to 29.2 from 29.6 in May, indicating that new economy industries accounted for 29.2% of total economic inputs used to make goods and services in June.

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