subdued

China's factory activity shrank for an eighth straight month in November, official data showed Sunday, suggesting the world's second-largest economy remains subdued despite a trade truce with the United States.

“Construction activity may remain subdued, partly due to slower fiscal spending.”

The analyst says loan growth remains subdued, particularly in Ontario and the Greater Toronto Area, which represents 60% of EQB’s portfolio.

Sentiment remains subdued for now as Meituan and other platforms continue to grapple with a relatively weak Chinese economy, which has led to muted consumer spending.

The latest batch of weekly jobless-claims data brought more evidence Wednesday that the labor market is stuck in neutral: Layoffs are subdued, but hiring has slowed.