China's October Industrial Output, Consumption To Slow - Yicai

China’s industrial production and consumption growth may slow in October amid Covid outbreaks and controls, though investment in infrastructure and manufacturing may remain high to offset declining real estate investment, Yicai.com reported citing analysts. China is set to release its key October indicators on Tuesday. Industrial output may decelerate to 4.5% y/y from September’s 6.3%, as operating rates declined on weaker domestic and external demands, said Yicai citing Wen Bin, Chief Economist of Minsheng Bank. Retail sales could fall to zero percent y/y from the previous 2.5% as car sales underperformed in peak season, while wider Covid outbreaks pressured optional spending areas like catering, the newspaper said citing analysts from China International Capital Corporation.