MNI China Daily Summary: Friday, November 15

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CHINA: Retail Sales Shows the Consumer is Stabilizing.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • China reported the highest retail sales growth this year in today’s data release.
  • Retail sales grew +4.8% YoY following September’s gain of +3.2%
  • Market surveys forecast a rise of +3.8%.
  • Authorities have appeared determined to arrest the decline in consumer sentiment borne out of the declining in the real estate sector, announcing various stimulus measures since September.
  • By category the largest expansion was seen household electronics (+39.2% vs +20.5 prior), furniture (+7.4% vs +0.4% prior) and motor vehicles (+3.7% vs +0.4% prior).
  • Online sales continue to expand up +8.8% YoY.
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  • China reported the highest retail sales growth this year in today’s data release.
  • Retail sales grew +4.8% YoY following September’s gain of +3.2%
  • Market surveys forecast a rise of +3.8%.
  • Authorities have appeared determined to arrest the decline in consumer sentiment borne out of the declining in the real estate sector, announcing various stimulus measures since September.
  • By category the largest expansion was seen household electronics (+39.2% vs +20.5 prior), furniture (+7.4% vs +0.4% prior) and motor vehicles (+3.7% vs +0.4% prior).
  • Online sales continue to expand up +8.8% YoY.