China’s economic activity indicators point out to a slowdown in August
China’s high-frequency economic indicators point out to a slowdown in August, Caixin EN News reported citing the latest data released by the National Bureau of Statistics (NBS) on Monday.
Fixed-asset investment increased by 5.5% y/y in January-August, slowing from 5.7% rise in January- July. Industrial output growth came in at 4.4% y/y in August, down from 4.8% growth in the previous month. Moreover, the print was the weakest growth rate since the first two months of 2009 when the reading was 3.8%.
On the positive, side government-driven infrastructure investment were up by faster 4.2% y/y in January-August and growth in Investment in real estate development decelerated insignificantly to 10.5% from a year earlier. Retail sales growth came in at 7.5% y/y in August, after 7.6% rise in July.Original source: Caixin EN News