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Trading news
15 Nov 2024
China’s October Retail Sales beat estimates, Industrial Production disappoints
China’s October Retail Sales increased 4.8% YoY vs. 3.8% expected and 3.2% in September, while the country’s Industrial Production rose 5.3% YoY in the same period vs. 5.6% estimated and 5.4% registered previously.
Meanwhile, the Fixed Asset Investment came in at 3.4% YTD YoY in October, matching the expected 3.5% print. The September reading was 3.4%.
China’s National Bureau of Statistics (NBS) released the official data on Friday.