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by Chris Becker
The big economic data dump of the day is Chinese industrial profits and retail sales, which came out as scheduled (unlike the new Rogue One Star Wars trailer – hurry up NBC America!)
Here’s the quick read from Forexlive, I’ll have the charts up soon:
Industrial Production 6.0% y/y MISS
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- expected is 6.2%, prior was 6.2%
Industrial production YTD 6.0% y/y
- expected is 6.0%, prior was 6.0%
Fixed Assets (excluding rural) YTD 8.1% y/y MISS
- expected is 8.9%, prior was 9.0%
- (private sector fixed investment +2.1% in January – July, down from 2.8% the previous read (January – June) )
Retail Sales 10.2% y/y MISS
- expected is 10.5%, prior was 10.6%
Retail Sales YTD 10.3% y/y
- expected is 10.3%, prior was 10.3%
Here are the charts:
This one would concerning for the China perma-bulls:
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