Retail Sales (YoY) +2.9%, a beat
- expected +2.7%, prior +3.0%
Industrial Production (YoY) +4.9%, a decent sized miss
- expected +5.5%, prior +6.5%
- Industrial Production YTD (YoY)+6.1% (prior +6.2%)
Fixed Asset Investment (YTD) (YoY) -1.7%, worse than expected
- expected -0.8%, prior -0.5%
Unemployment Rate 5.1%, down from September
- expected 5.2%, prior 5.2%
Property investment continues to plummet, -14.7% YTD y/y
- prior -13.9%
- Jan–Oct new construction starts -19.8% y/y
- Jan–Oct property sales by floor area -6.8% y/y
- Jan–Oct funds raised by Chinese real estate developers -9.7% y/y
China's National Bureau of Statistics (NBS):
- October’s economic operations generally stable, with improving new growth drivers
- Pressure to adjust domestic economic structure remains big, stabilisation faces some challenges
