China data …. ugly miss! For both industrial production and retail sales

Industrial Production +4.8% y/y - MISS

  • expected 6.0%, prior was 6.3%

Industrial production YTD +5.8% y/y

  • expected 6.0%, prior was 6.0%

Fixed Assets (excluding rural) YTD +5.7% y/y

  • expected 5.8%, prior was 5.8%

Retail Sales +7.6% y/y Miss

  • expected 8.6%, prior was 9.8%

Retail Sales YTD +8.3% y/y

  • expected 8.4%, prior was 8.4%

Wow … yeah not good data. The IP growth at 4.8% is growth, yes, but the slowest since February of 2002.