China November industrial output +6.6% y/y (exp +5.6%) Retail Sales +10.1% (exp +12.5%)

<p>China's economic 'activity' data for November 2023</p><p>China's industrial output
+6.6% y/y in November year-on-year, better than in October and ahead of the central estimate of +5.6%</p><p>Retail sales was a miss, up at + 10.1% in November, with a +12.5% the median estimate, but up from +7.6% in October.</p><p> Fixed asset investment +2.9% in the first 11 months
of 2023, falling short of central expectations at +3% rise but matching its +2.9% in the January-October
period.</p><p>***</p><p>Some the property sector results are very poor indeed.January-November (ie YTD) new construction starts -21.2% y/y</p><ul><li>property sales measured by floor area -8.0% YTD y/y</li><li>property investment -9.4% YTD y/y</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.