China November: Retail gross sales +three.zero% y/y (exp +four.6%) Industrial output +5.four% y/y (exp +5.three%)

Key Chinese language financial knowledge for November 2024 … in as far as retail gross sales is indicative of home demand the info … properly, sucks.

extra to return

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Background to this, as posted earlier.

In October 2024, China’s key financial indicators offered a blended image:

• Retail Gross sales: Elevated by four.eight% year-on-year, up from three.2% in September, marking the quickest progress since February. This surge was attributed to client spending throughout the Golden Week vacation and the Singles’ Day buying pageant.

• Industrial Manufacturing: Grew by 5.three% year-on-year, barely beneath September’s 5.four% and lacking the anticipated 5.6% rise. This indicated a modest slowdown in manufacturing output.

• Mounted Asset Funding: Rose by three.four% within the January-October interval in comparison with the identical interval in 2023, in keeping with the expansion fee from January to September however barely beneath the anticipated three.5%. This implies regular however subdued funding in infrastructure and property sectors.

These figures highlighted the challenges dealing with China’s economic system, which embody

• a sluggish property market (nonetheless sluggish: China Home Costs in November -5.7% y/y (prior -5.9%))
• and potential exterior pressures from worldwide commerce insurance policies.

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Earlier from China immediately:

• China’s long-term yields hit document lows in early commerce on Monday

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This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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