Activity data for the month of September 2018

Industrial Production 5.8% y/y …. miss …. yuck

  • expected 6.0%, prior was 6.1%

Industrial production YTD 6.4% y/y

  • expected 6.4%, prior was 6.5%

Fixed Assets (excluding rural) YTD 5.4% y/y

  • expected 5.3%, prior was 5.3%

Retail Sales 9.2% y/y

  • expected 9.0%, prior was 9.0%

Retail Sales YTD 9.3% y/y

  • expected 9.3%, prior was 9.3%

I posted the GDP numbers first, though these are arguably of more interest (GDP is the long ago past …. these the not quite so long ago past : -D )

Retails sales doing well, China has said they want to boost domestic economic demand, maybe they are, or the figures showing it regardless ifyouknowhatImean.

IP down, likely impacted by exports and trade war (though if you saw the exports figures last week …. nope …. exports are still strong).

Investment numbers a beat, some flow thorugh from slightly easier monetary policy?