China’s financial ‘exercise’ information for November 2023
China’s industrial output
+6.6% y/y in November year-on-year, higher than in October and forward of the central estimate of +5.6%
Retail gross sales was a miss, up at + 10.1% in November, with a +12.5% the median estimate, however up from +7.6% in October.
Mounted asset funding +2.9% within the first 11 months
of 2023, falling wanting central expectations at +3% rise however matching its +2.9% within the January-October
interval.
***
Some the property sector outcomes are very poor certainly.
January-November (ie YTD) new building begins -21.2% y/y
- property gross sales measured by ground space -8.0% YTD y/y
- property funding -9.4% YTD y/y
