more to come
Industrial Production +5.2% y/y, a miss and lower than the rise in July
- expected +5.8%, prior was 5.7%
- 5.2% y/y is the slowest growth in 12 months
Fixed Assets (excluding rural) YTD +0.5% y/y, a big miss
- expected 1.4%, prior was 1.6%
- property investment fell 12.9% in the January – August period
- January –August fixed asset investment growth hit a five-year low
Retail Sales +3.4% y/y, a big miss
- expected 3.8%, prior was 3.7%
- +3.4% is the slowest growth since November 2024
Unemployment rate 5.3%, a six month high
- up from July’s 5.2%
This is disappointing data from China. Exports face tariff headwinds, while the weak property sector (house prices down, again, in August) weighs on domestic demand.
This article was written by Eamonn Sheridan at investinglive.com.