Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

A hat-trick of weaker-than-expected Chinese economic data was released this afternoon with industrial production, retail sales and urban fixed-asset investment...

David Scutt

Scutt Partners

A hat-trick of weaker-than-expected Chinese economic data was released this afternoon with industrial production, retail sales and urban fixed-asset investment all undershooting badly to the downside. Industrial production rose by 6.9% on year, well below the 9.0% pace of July and expectations for a decline to 8.8%, with activity now expanding at the slowest pace seen since December 2008. While nowhere near as bad as the industrial production figure, retail sales also disappointed on the downside, rising 11.9% following a 12.2% gain in July. The reading was below expectations for growth of 12.1% and left the annual pace of sales at the equal-lowest level seen since March 2011. Last but not least, urban fixed-asset investment, by far the largest contributor to economic growth in recent decades, fell to 16.5% from 17.0% in July, the slowest annual expansion since December 2001. (VIEW LINK)


David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.