Published On: Fri, Sep 14th, 2018

China August activity data will hit today

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Chinese data for industrial production, retail sales and investment for August 2018 is due at 0130GMT

  • Industrial Production y/y expected is 6.1%, prior was 6.0%
  • industrial production YTD y/y expected is 6.5%, prior was 6.6%
  • Fixed Assets (excluding rural) YTD y/y, expected is 5.6%, prior was 5.5%
  • Retail Sales y/y, expected is 8.8%, prior was 8.8%
  • Retail Sales YTD y/y, expected is 9.3%, prior was 9.3%

Earlier preview (what Barclays expects) is here

This real quickie now via Nomura:

  • We expect August industrial production growth to remain weak at 6.0% y-o-y, as suggested by high-frequency data and a weaker August Caixin PMI. 
  • We believe fixed asset investment growth is likely to slow further, as the pick-up in property investment should be more than offset by the continued weakening of infrastructure investment. 


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