Does M1 contraction signal weakening confidence?
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One of China’s main measures of money supply may be signaling corporate confidence is decreasing.
The details: In May, M1 contracted by 4.2%, its second consecutive negative print after contracting 1.4% in April.
The better-known measure of money supply, M2, grew 7.0%, down from 7.2% in April.
M2 ...