China Jan - Feb 2025 Retail sales 4% y/y (exp 4%) Industrial production 5.9% (exp 5.3%)
China retail sales, industrial output, investment data for January - February 2025. January and February combined to help ease the volatility the data would show otherwise over the moveable Lunar new Year holiday.
Retail Sales 4.0%
- expected 4.0%, prior 3.7%
Industrial Production 5.9%
- expected 5.3%, prior 6.2%
Fixed Asset Investment 4.1%
- expected 3.2%, prior 3.2%
Unemployment Rate 5.4%
- expected 5.1%, prior 5.1%
These are better figures, except for the jobless rise. I suspect that a rising unemployment rate will prompt more stimulus from China more than other data point. Indeed, we are getting a steady flow of stimulus announcements. This the latest:
More:
- Weekend - China city Shenzen announced eased housing finance rules
- ICYMI: $US3 to 5 billion in US beef, pork and chicken trade to China is at risk
- Weekend - China released a 30-point plan aimed at boosting domestic consumption
