China August Industrial Production +5.2% y/y, vs. expected 5.8% | investingLive

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Industrial Production +5.2% y/y, a miss and lower than the rise in July

• expected +5.8%, prior was 5.7%
• 5.2% y/y is the slowest growth in 12 months

Fixed Assets (excluding rural) YTD +0.5% y/y, a big miss

• expected 1.4%, prior was 1.6%
• property investment fell 12.9% in the January – August period
• January –August fixed asset investment growth hit a five-year low

Retail Sales +3.4% y/y, a big miss

• expected 3.8%, prior was 3.7%
• +3.4% is the slowest growth since November 2024

Unemployment rate 5.3%, a six month high

• up from July’s 5.2%

This is disappointing data from China. Exports face tariff headwinds, while the weak property sector (house prices down, again, in August) weighs on domestic demand.