China August Industrial Production 4.5% y/y (expected 3.9%) & Retail sales 4.6% (exp 3%) | Forexlive
China industrial production and retail sales data for August 2023. Very nice beats for both.
More:
- China Jan-Aug Fixed-Asset Investment +3.2% Y/Y (Reuters poll +3.3%)
- Jan-Aug Private
Sector Fixed-Asset Investment -0.7% Y/Y - Jan-Aug
Infrastructure Investment +6.4% Y/Y - August unemployment rate 5.2% (expected 5.3%, prior 5.3%)
Comments from the National Bureau of Statistics (NBS):
- In August, major indicators showed marginal improvement
- National economy
showed good momentum of recovery - Domestic demand
remains insufficient