(Finance) – Disappointing signals come from some important Chinese macro data published this morningwhich indicate – in particular – lower than expected growth in retail sales, even if industrial production was in line with expectations.
According to data from the Chinese Bureau of Statistics, the industrial production it grew by 5.4% year-on-year in November 2024, more than the previous month (+5.3%) and equal to the consensus (+5.4%). Growth since the beginning of the year thus stands at 5.8%, the same as the previous month.
They are growing less than expected investments of businesseswhich marked a +3.3%, against the +3.5% expected and compared to the +3.4% of the previous month.
They perform worse than expected retail sales. In fact, consumption recorded an increase of 3% on an annual basis in November after the +4.8% recorded in October, while market estimates were for growth of 4.6%. Since the beginning of the year, sales have risen by 3.5%, the same as the previous period.
The unemployment rate finally it remained stable at 5%, meeting expectations.
(Photo: Christian Lue on Unsplash)