China Data Summary

April 16th, 2014 5:54 am | by John Jansen |

Good Morning. I am just gathering the data for my opening piece and came across this nice summary of data in China via TDSecurities. It covers retail sales, Industrial Production, and the long awaited GDP (weaker than previous quarter but tad better than expected).

Via TDSecurities:

CNY GDP rose by 7.4%/yr in the March qtr, a tick higher than TD/mkt expectations of 7.3% and below the late 2013 pace of 7.7%/yr.  As we already highlighted, quarterly activity and survey data had hinted at a noticeable deceleration in the pace of GDP growth.  Retail sales for March rose by +12.2%/yr (mkt 12.1%, prior Dec 13.6%, 2013 ave 13.2%) so is a soft start to 2014; fixed investment growth eased from 17.9% in Feb to 17.6% in March (2013 average 20.3%) and industrial production at 8.8%/yr was a shade below consensus’ 9.0% (Dec 9.7% and 2013 average 9.7%).  Industrial production was sub-9% last in March 2013 but picked up to 10.4% by August.

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