China slows

Thursday, 14 September 2017

And here it is with Chinese August industrial production at 6% versus 6.6% consensus, fixed asset investment at 7.8% versus 8.2% expected and retail sales at 10.1% versus 10.4% expected:

Turning to all that matters for Downunder, building, real estate sales continue to slow:

Floor area under construction is now up 3.1% year to date. It should continue to ease into year end:

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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.