China: Activity indicators for August were solid - TDS

Research Team at TDS, notes that China’s activity indicators for August were solid with factory output, investment and retail sales all exceeded economist estimates.

Key Quotes

“Industrial production rose 6.3% y/y, slightly higher than economist estimates of 6.2%. Retail sales y/y popped to 10.6% in August (mkt10.2%, prior10.2%) and fixed-asset investment increased 8.1% y/y (mkt 7.9%, prior 8.1%). This continues the strong of more positive data announcements from China of late.”