China October Retail Sales 10.0% y/y (expected 10.5%)

China retail sales data for October

Retail Sales 10.0% y/y ... a big miss

• expected 10.5%, prior 10.3%

Retail Sales YTD 10.3% y/y ... miss

• expected 10.5%, prior 10.3%

The result on the soft side for retail sales has some analysts saying sales were pulled out of October into November due to the 'singles day' (November 11) effect ... i.e. sales dragged from October into November.

I guess we'll have to wait and see.