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CHINA: Retail Sales Weaker than Expectations. 

CHINA
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  • China’s November retail sales rose just +3.0% for November below expectations of +5.0%.
  • Sales volume for November CNY4.38tn with online sales growth +7.4%.
  • There are some positive signs for the consumer with Food +10.1%,  construction materials +2.9% (from -5.8%) automobiles +6.6%, furniture +10.5%.
  • Retail sales had enjoyed a modest improvement in the period since the announcements of stimulus began.
  • Today’s result for retail sales is the weakest in three readings, and represents worrying signs that the consumer is not buying into the recovery. 
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  • China’s November retail sales rose just +3.0% for November below expectations of +5.0%.
  • Sales volume for November CNY4.38tn with online sales growth +7.4%.
  • There are some positive signs for the consumer with Food +10.1%,  construction materials +2.9% (from -5.8%) automobiles +6.6%, furniture +10.5%.
  • Retail sales had enjoyed a modest improvement in the period since the announcements of stimulus began.
  • Today’s result for retail sales is the weakest in three readings, and represents worrying signs that the consumer is not buying into the recovery.