Cyrrus (Cyrrus)
Macroeconomics  |  September 10, 2012 09:42:34

China - Industry in August grew at least the last three years

In Asia, the weekend came Macro to Chinese and Japanese economy and not sound exactly positive. China's industrial output in August rose by 8.9%, the lowest annual increase for the last three years and slightly below analysts' expectations (9.0%). Were unexpectedly low and imports to China in August (-2.6% vs. Expectations of +3.6%). This is at least partially offset by higher than predicted decline in industrial inflation (-3.5% vs. -3.2%) And in-line retail sales (+13.2% y / y).

Addition editors: zahrančního trade surplus reached 26.7 mld.USD. Exports to the EU decreased by 12.7%.

Chinese investment in fixed assets grew in the first 8 months of the year by 20.2%. Export in first 8 months of the year grew by 7.1% yoy, imports then only by 5.1%. Government plan for trade growth of 10% seems to be too ambitious.
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