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.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.