China’s industrial output and retail sales for November misses targets

Industrial output data for November was up by 5.4%, while retail sales rose by 8.1% .

China skyline
Source: Bloomberg

China’s industrial output and its retail sector missed targets for the month of November, data from the National Bureau of Statistics showed on Friday.

Industrial output data for November rose 5.4%, lower than the 5.9% growth economists in a Reuters poll expected. In October, industrial output expanded by 5.9%.

Retail sales misses expectations

Retail sales rose 8.1% last month, slowing down from the 8.6% growth in October. Analysts had expected an 8.8% rise.

Experts say consumers could be tightening their purse strings with expectations on a weaker economy this year, amid uncertainties such as the United States-China tariff war. Retail sales have been weak for the slowing economy this year, with auto sales particularly hurt from the weak retail growth.

Fixed asset investment growth up for the 11 months of 2018

Fixed asset investment growth expanded by 5.9% from January to November, higher than the 5.8% analysts had expected, and faster than the 5.7% pace of increase from January to October.

Private sector fixed asset investment growth, which accounts for about 60% of overall investment in China, gained 8.7% in January to November, compared with an 8.8% increase in the first 10 months of the year.

China has been handing out a slew of growth boosting measures for its economy through increased infrastructure spending and tax cuts.

Unemployment rate, meanwhile, fell to 4.8%, dipping 0.1% compared to the previous month.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about