Chinese statistics shows that the recovery slows down

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Chinese industrial production increased in August, but less than expected and less than a month earlier. This was shown on Wednesday by government figures.

Production increased by 5.3 percent, after a plus of 6.4 percent in July. The increase was 8.3% In June and 8.8% in May.

The increase in production in August is below the expectations of economists, who assumed a plus of 5.6 percent. On a monthly basis, production increased by 0.31 per cent in August compared to a plus of 0.30 per cent a month earlier.

Retail sales in China increased less sharply in August than in July. This was shown on Wednesday by government figures.

Sales increased by 2.5 percent year-on-year in August. The first months of this year saw increases of more than 30 percent, after which in april the increase dropped to 17.7 percent. In June it was a plus of 12.1% and in July it was 8.5%.

The figure is also significantly below the expectations of analysts, who assumed an average increase of 6.3 percent in advance.

On a monthly basis, there was an increase of 0.17 per cent in August after a minus of 0.19 per cent in July.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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