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MNI: China’s August Data To Show Fragile Recovery - Analysts

MNI (Singapore)

Three key indicators are expected to highlight stabilising growth amid Covid outbreaks and power rationing.

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Industrial production, fixed asset investment and retail sales data are expected to show China’s growth stabilised in August despite renewed Covid-19 outbreaks and power rationing triggered by the worst heatwave in decades, analysts said.

Friday’s trio of data releases will provide a fuller picture of an economy that endured a sharp slowdown in export growth in August, while weaker-than-expected credit growth signalled sluggish demand in the real economy.

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Industrial production, fixed asset investment and retail sales data are expected to show China’s growth stabilised in August despite renewed Covid-19 outbreaks and power rationing triggered by the worst heatwave in decades, analysts said.

Friday’s trio of data releases will provide a fuller picture of an economy that endured a sharp slowdown in export growth in August, while weaker-than-expected credit growth signalled sluggish demand in the real economy.

Keep reading...Show less