A miss for the data from China, a rare occurrence.
China Q3 GDP
Also out at the same time, ‘activity data for September, which is much better.
Industrial Production 6.9% y/y, helped along by improving exports.
Industrial Production YTD 1.2% y/y
Fixed Assets (excluding rural) YTD +0.8% y/y
Retail Sales +3.3% y/y, indicative of a continued rebound for domestic consumption
- expected 1.6%, prior was 0.5%
Retail Sales YTD -7.2% y/y
Market impact so far is a small sell off for risk currencies such as AUD and NZD …. but its small. Stocks in China also off.