Retail Sales (YoY) +2.9%, a beat
expected +2.7%, prior +3.0%
Industrial Production (YoY) +4.9%, a decent sized miss
expected +5.5%, prior +6.5%Industrial Production YTD (YoY)+6.1% (prior +6.2%)
Fixed Asset Investment (YTD) (YoY) -1.7%, worse than expected
expected -0.8%, prior -0.5%
Unemployment Rate 5.1%, down from September
expected 5.2%, prior 5.2%
Property investment continues to plummet, -14.7% YTD y/y
prior -13.9%Jan–Oct new construction starts -19.8% y/y Jan–Oct property sales by floor area -6.8% y/y Jan–Oct funds raised by Chinese real estate developers -9.7% y/y
China’s National Bureau of Statistics (NBS):
October’s economic operations generally stable, with improving new growth drivers Pressure to adjust domestic economic structure remains big, stabilisation faces some challenges
This article was written by Eamonn Sheridan at investinglive.com.