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China Economic Activity Shows Downward Pressures Persist

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Growth in China’s factory output eased in October while that for retail sales edged up and investment inched lower, indicating persistent downward pressures on the economy that may require further policy support.

Factory output grew slower than expected at an annual 5.6 percent in October, National Bureau of Statistics data showed on Wednesday, missing a Reuters forecast of 5.8 percent and down from 5.7 percent in September.

Fixed asset investment rose 10.2 percent in the first 10 months, slightly slowing from a 10.3 percent gain in the January-September period.

Retail sales growth continued to pick up, expanding at 11.0 percent in October, compared with 10.9 percent in September. Analysts had forecast growth of 10.9 percent in October.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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