China Retail Sales Up 17.7% In September
China retail sales rose 17.7% y-o-y in August vs. 17.o% August reading. Consensus was also at 17.0%.
Global Macro Perspectives
China retail sales rose 17.7% y-o-y in August vs. 17.o% August reading. Consensus was also at 17.0%.
China fixed asset investments were up 24.9% y-o-y in September; August reading was at 25.0%. Consensus was at 24.8%.
Industrial production in China rose 13.8% y-o-y in September; August reading was at 13.5%. Consensus was at 13.4%.
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U.S. producer price index rose 0.8% in September vs. 0.2% consensus. August reading was at 0.0%. On year level PPI is up 7.0%.
China third quarter GDP rose 9.1%, vs. second quarter 2011 growth rate of 9.5%. Consensus was at 9.3%.