The data get lumped together as 'activity data': retail sales, industrial production and fixed asset investment, all for November 2018.

  • Industrial Production y/y expected is 5.9%, prior was 5.9%
  • industrial production YTD y/y expected is 6.4%, prior was 6.4%
  • Fixed Assets (excluding rural) YTD y/y, expected is 5.8%, prior was 5.7%
  • Retail Sales y/y, expected is 8.8%, prior was 8.6%
  • Retail Sales YTD y/y, expected is 9.1%, prior was 9.2%

IP is expected to be unchanged, supported but domestic demand rather than external orders (trade war issues). Retail sales is also expected to reflect slightly firmer domestic conditions, up on the month from October.

Investment, pluses are continuing infrastructure works (continued government fiscal boost) and investment in manufacturing. A cooling property market is a negative input for investment in that sector.

Date due at 0200GMT