FOREX TradingCharts.com

Financial News: China's Industrial Output, Retail Sales Growth Slows

China's Industrial Output, Retail Sales Growth Slows

11/14/2017 - 00:41:00 (RTTNews)

(RTTNews) - China's industrial production and retail sales growth decelerated in October and property investment cooled, as measures taken to curb excessive debt and factory pollution weighed on activity.

Industrial production grew 6.2 percent year-on-year in October, but slower than the 6.6 percent expansion seen in September, data from the National Bureau of Statistics showed Tuesday. This was also weaker than the expected growth of 6.3 percent.

Likewise, retail sales growth eased to 10 percent from 10.3 percent in September. Economists had forecast growth to improve to 10.5 percent.

During January to October, fixed asset investment climbed 7.3 percent compared to 7.5 percent rise seen for nine months ended September.

Investment in real estate development rose 5.6 percent in October, which was slower than September's 9.2 percent increase.

Data released by the People's Bank of China on Monday showed that new yuan loans declined notably to CNY 663.2 billion in October as banks tightened lending.

The upshot is that a cooling property sector and slightly softer foreign demand weighed on the economy last month, Julian Evans-Pritchard, China economist at Capital Economics, said.

Disruptions from the anti-pollution crackdown in the north-east of the country probably contributed too, he noted. Moreover, the support from strong infrastructure spending is unlikely to last given that local governments are set to reduce spending in the final months of the year, the economist added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Jumps Much More Than Expected In October (05 hr(s), 59 min(s), 19 sec(s) ago)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story»

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus (06 hr(s), 32 min(s), 19 sec(s) ago)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story»

Australia's Christmas Spending Likely To Be Tepid (07 hr(s), 28 min(s), 19 sec(s) ago)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story»

Eurozone Export Growth Likely To Accelerate In Coming Months (10 hr(s), 03 min(s), 19 sec(s) ago)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story»

Major European-Based Companies Positive On Global Business Outlook (10 hr(s), 11 min(s), 19 sec(s) ago)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story»

Australia's Wage Growth Set To Remain Weak (10 hr(s), 31 min(s), 19 sec(s) ago)
(RTTNews) - Australia's wage growth is likely to continue its slowing trend in the near term, ...Full Story»

Chile CB Unlikely To Loosen Policy In The Near Term (10 hr(s), 45 min(s), 19 sec(s) ago)
(RTTNews) - Chile's central bank is unlikely to loosen monetary policy over the next three to ...Full Story»

RBA's Kearns Says Impact Of Foreigners' Investment On Housing Cycle Unclear (10 hr(s), 58 min(s), 19 sec(s) ago)
(RTTNews) - Reserve Bank of Australia's Head of Financial Stability Jonathan Kearns, said purc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Jumps Much More Than Expected In October

11/20/2017 - 10:12 AM (RTTNews)
(RTTNews) - With the impact of recent hurricanes dissipating, the Conference Board released a repo ...Full Story>>

ECB's Draghi Says October Decisions To Preserve Monetary Stimulus

11/20/2017 - 09:39 AM (RTTNews)
(RTTNews) - Eurozone's economic recovery remains strong, but inflation is yet to show a sustai ...Full Story>>

Australia's Christmas Spending Likely To Be Tepid

11/20/2017 - 08:43 AM (RTTNews)
(RTTNews) - Despite a hotly retail high season, the early signs are not promising for Australia ...Full Story>>

Eurozone Export Growth Likely To Accelerate In Coming Months

11/20/2017 - 06:08 AM (RTTNews)
(RTTNews) - Growth in Eurozone export volumes may accelerate in the coming months despite the appr ...Full Story>>

Major European-Based Companies Positive On Global Business Outlook

11/20/2017 - 06:00 AM (RTTNews)
(RTTNews) - Major European-based companies were positive about the global business outlook, accord ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.