Markets

China Nov. Industrial production 6.2%y/y (expected 6.1%) & Retail sales 10.8%y/y (expected 10.2%)

China data

November Industrial Production 6.2% y/y ... beat

  • expected 6.1%, prior was 6.1%

November industrial production YTD 6.0% y/y

  • expected 6.0%, prior was 6.0%

November Fixed Assets (excluding rural) YTD 8.3% y/y

  • expected 8.3%, prior was 8.3%

November Retail Sales 10.8% y/y ... beat

  • expected 10.2%, prior was 10.0%

November Retail Sales YTD 10.4% y/y

  • expected 10.3%, prior was 10.3%

  • The stats bureau adds that November property sales growth was at 7.9% y/y, saying this is the lowest since December of last year
  • Private investment +3.1% (from 2.9%

IP and retail sales both beating on expectations. Data from China has been on the up in recent months, so probably not too much of a shock that there are some beats coming through. (And adds in the obligatory ... if China data is to be believed)

Stats bureau comments:

  • Economy remains stable overall
  • External, internal environment has many uncertainties
  • China to accelerate fundamental key reforms

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Some earlier data from China

  • November fiscal revenues +3.1% y/y
  • November fiscal expenditures +12.2% y/y
  • January-November fiscal revenue +5.7% y/y
  • January-November fiscal expenditures +10.2% y/y

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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