China Nov. Factory Production Misses Views, But Growth Still Firm
Tweet
Share
E-mail
Get Alerts FXI Hot Sheet
Join SI Premium – FREE
China stocks are on watch Tuesday following new production data out of the region.
The National Bureau of Statistics said in Beijing said factory production increased 10 percent in November, slightly missing consensus expectations calling for a 10.1 percent improvement. Output was positive 10.3 percent in October.
Retail sales in China for November rose 13.7 percent, versus expectations calling for a 13.2 percent and a 13.3 percent improvement reported for October.
Today's data may alter China's export numbers, which were reported as a 12.7 percent increase on December 8th. Industrial-production numbers suggest that export growth was only at 5.8 percent, Bloomberg noted today. China has been working to crack down on disguising capital flows as trade-related data.
Numbers indicate a firming of growth, but not at as rapid of pace as seen over the last few years. China's economy expanded at 7.8 percent in Q3, with expectations calling for 7.6 percent growth in Q4 and 7.5 percent in 2014.
On watch today will be iShares FTSE/Xinhua China 25 Index (NYSE: FXI) ETF.
The National Bureau of Statistics said in Beijing said factory production increased 10 percent in November, slightly missing consensus expectations calling for a 10.1 percent improvement. Output was positive 10.3 percent in October.
Retail sales in China for November rose 13.7 percent, versus expectations calling for a 13.2 percent and a 13.3 percent improvement reported for October.
Today's data may alter China's export numbers, which were reported as a 12.7 percent increase on December 8th. Industrial-production numbers suggest that export growth was only at 5.8 percent, Bloomberg noted today. China has been working to crack down on disguising capital flows as trade-related data.
Numbers indicate a firming of growth, but not at as rapid of pace as seen over the last few years. China's economy expanded at 7.8 percent in Q3, with expectations calling for 7.6 percent growth in Q4 and 7.5 percent in 2014.
On watch today will be iShares FTSE/Xinhua China 25 Index (NYSE: FXI) ETF.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Treasury Secretary Yellen: We Would Be Prepared To Use Authority To Sanction Chinese Banks If Necessary
- Outlook for sterling could be impacted as Bank of England set to cut rates before the Fed
- Fiscal risks weigh on the Brazilian real - ING
Create E-mail Alert Related Categories
ETFs, Forex, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
