China data
November Industrial Production 6.2% y/y ... beat
- expected 6.1%, prior was 6.1%
November industrial production YTD 6.0% y/y
- expected 6.0%, prior was 6.0%
November Fixed Assets (excluding rural) YTD 8.3% y/y
- expected 8.3%, prior was 8.3%
November Retail Sales 10.8% y/y ... beat
- expected 10.2%, prior was 10.0%
November Retail Sales YTD 10.4% y/y
- expected 10.3%, prior was 10.3%
- The stats bureau adds that November property sales growth was at 7.9% y/y, saying this is the lowest since December of last year
- Private investment +3.1% (from 2.9%
IP and retail sales both beating on expectations. Data from China has been on the up in recent months, so probably not too much of a shock that there are some beats coming through. (And adds in the obligatory ... if China data is to be believed)
Stats bureau comments:
- Economy remains stable overall
- External, internal environment has many uncertainties
- China to accelerate fundamental key reforms
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Some earlier data from China
- November fiscal revenues +3.1% y/y
- November fiscal expenditures +12.2% y/y
- January-November fiscal revenue +5.7% y/y
- January-November fiscal expenditures +10.2% y/y
