China data dump Australia bad

Monday, 19 October 2015

China September data dump is out and is Australia bad. GDP was good at 6.9% (if you believe it) versus 6.8% consensus:

But the month of September partials were bad and show no let up in the glide slope. Industrial production growth was almost back to its lows at 5.7% versus 6% expected:

The all important fixed asset investment number was sharply weaker at 10.3% versus 10.8% and the downtrend is steepening again:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.