China data misses badly (again)

Monday 14 March 2016

Markets may be celebrating the great China rebound but there’s still little reason for it in the data. Over the weekend China released its combined Jan/Feb growth partials and the same tired grind lower was apparent.

Industrial production came in at a 5.4% versus 5.6% hopes for and it continues to decelerate:

Retail sales came in at 10.2% well below the hopium number of 10.8%:

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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.