January-February combined industrial output down 13.5% y/y (vs. expected -3%)
- Jan-Feb combined retails sales down 20.5% y/y (expected -4%)
- Fixed investment down 24.5% y/y for the combined two months, expected -2%
A heads up of what is to come around the globe? Hubei, the epicentre of the cov1 COVID-19 outbreak is a critical manufacturing centre in China. Perhaps other countries will not take so hard a hit, but those that have been slow in response are going to get it the worst.
