Chinese industrial production, retail sales and urban-fixed-asset investment all missed expectations in October

David Scutt

Scutt Partners

Chinese industrial production, retail sales and urban-fixed-asset investment all missed expectations in October. From a year earlier industrial production slowed to 7.7%, below the 8.0% pace of September and expectations for a similar reading in October, while retail sales dipped to 11.5%, the slowest annual growth seen since March 2006. Last but not least, urban fixed asset investment dipped to 15.9% from 16.1% in September, a level last seen since December 2001. For all those tracking the materials sector, particularly iron ore and coking coal plays, production of crude steel fell 0.3% from a year earlier, the first time output has contracted since August 2012.


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...

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