China August Industrial Production 4.5% y/y (expected 3.9%) & Retail sales 4.6% (exp 3%)

<p>China industrial production and retail sales data for August 2023. Very nice beats for both.</p><p>More:</p><ul><li>
China Jan-Aug Fixed-Asset Investment +3.2% Y/Y (Reuters poll +3.3%)</li><li>Jan-Aug Private
Sector Fixed-Asset Investment -0.7% Y/Y</li><li>Jan-Aug
Infrastructure Investment +6.4% Y/Y</li><li>August unemployment rate 5.2% (expected 5.3%, prior 5.3%)</li></ul><p>Comments from the National Bureau of Statistics (NBS):</p><ul><li>
In August, major indicators showed marginal improvement</li><li>National economy
showed good momentum of recovery</li><li>Domestic demand
remains insufficient</li></ul>

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