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Industrial Output | FAI | Retail Sales...>

CHINA DATA
CHINA DATA: Industrial Output | FAI | Retail Sales - July Preview 03:00 BST
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- INDUSTRIAL OUTPUT JULY: Bbg Cons 6.0% y/y, MNI Median 5.7% y/y; Prev 6.3% y/y
- Market consensus expects output to slow inline with weak July PMI (lingering
in contraction territory) and declining coal production
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- FAI YTD JULY: Bbg Cons and MNI Median 5.8% y/y; Unchanged from June
- Property investment has been heading downward, while infrastructure and
manufacturing investment has stabilized at relatively low levels
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- RETAIL SALES JULY: Bbg Cons 8.6% y/y, MNI Median 8.5%; Prev 9.8% y/y
- Consensus is expecting a deceleration from June's 16-month high
- Car sales seen slowing significantly following June's boom due to clearance of
old inventory before the new emissions standard was implemented in July.

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