MNI DATA IMPACT:China Ind Output, Invt., Retail Sales All Slow

     BEIJING (MNI) - All of China's August macroeconomic indicators came in

lower than market expectations and lower than the prints from last month,

according to data released by the National Bureau of Statistics on Monday. Here

are key points MNI highlights from the data:

     -- Industrial output growth dropped to 4.4% y/y from July's 4.8% gain,

posting the lowest level this year and missing the 5.3% projected by analysts

polled by MNI.

     -- Fixed-asset Investment recorded 5.5% growth y/y, edging down from 5.7%

in the Jan-July period. This underperformed the 5.6% median forecast in an MNI

survey.

     -- Property investment growth continued to slow to 10.5% y/y from 10.6% in

Jan-July. Infrastructure investment grew by 4.2% y/y, accelerating from the 3.8%

gain in the first seven months.

     -- Retail sales grew by 7.5% y/y, falling from July's 7.6% gain and also

missing the 8.1% forecast polled by MNI. This is the lowest level in four months

since April's 16-year low of 7.2%.

     -- The surveyed unemployment rate edged down to 5.2% y/y in August from

July's 5.3%, lower than the target of 'around 5.5%'. The surveyed unemployment

rate in the 31 biggest cities remained at 5.2% y/y, flat from July's data.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

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