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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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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