Comments from a Statistics Bureau spokes person on the October round of data
- China October Retail Sales 8.6% y/y (expected 9.2%)
- China October Industrial Production 5.9% y/y (expected 5.8%)
- China October Fixed Assets (excluding rural) YTD 5.7% y/y (vs. expected 5.5%)
Comments:
- policy measures help keep economic growth steady in oct
- should continue to implement policy steps to support growth amid trade frictions
- room for policy adjustments remains relatively large as inflation remains mild
via Reuters