China / Indicators-Progress in Industrial Production and Retail Sales

BEIJING, Oct. 18 (Reuters) – Key Chinese economic indicators released since the beginning of the month:

* INDUSTRIAL PRODUCTION + 5.8%; RETAIL SALES + 7.8%

Oct. 18 – China's industrial production and retail sales rose in September, official data released on Friday showed.

Industrial production in China rose 5.8% in September, an increase higher than that expected by economists, to 5.0%, after a rise of 4.4% in July.

Retail sales rose in September by 7.8% year-on-year, in line with the consensus of economists polled by Reuters after + 7.5% in August.

Investment in fixed assets showed growth in line with the consensus (+ 5.4%) between January and September compared to the same period last year.

Retail Sales Table

Table of industrial production

Table of investment in fixed assets

* MOST IMPORTANT PRODUCTION PRICE DECLINE IN 3 YEARS

October 15 – Producer prices in China declined in September at their fastest pace in more than three years, highlighting the need for Beijing to take additional measures to support the economy in the face of weakening demand against a backdrop of US trade pressures.

According to official statistics released on Tuesday, the producer price index (PPI) fell last month by 1.2% year-on-year, its largest decline since July 2016.

However, this is a decrease consistent with that expected by economists interviewed by Reuters.

Data provided by the National Bureau of Statistics (SNB) show that the consumer price index (CPI) rose in September by 3% year-on-year, beating the consensus of + 2.9% . This is their biggest increase since October 2013.

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* EXTERNAL TRADE DECLINES UNDER THE EFFECT OF US TAXES

October 14 – Chinese exports declined in September at a faster than expected pace, while imports contracted for a fifth consecutive month, highlighting the prolonged slowdown in the Chinese economy in a context of increased trade tensions with the Chinese economy. United States.

According to Chinese customs statistics, exports fell by 3.2% in September on an annual basis, their biggest drop since last February.

Analysts polled by Reuters were anticipating a softer decline of 3.0% after a 1.0% drop in August.

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* SERVICES SECTOR AT LOW SEVEN MONTHS – PMI CAIXIN

October 8 – China's services business grew at its weakest pace in seven months in September, despite a significant increase in new orders, while operating expenses continued to increase at the end of the third quarter , show the results published Tuesday of the survey conducted by Caixin / Markit with purchasing managers.

The services PMI calculated by Caixin / Markit dropped to 51.3 in September, down from February's low of 52.1 the previous month.

However, it remains above the threshold of 50 which separates contraction and expansion of the activity.

New orders grew at their fastest pace since January 2018, driven by product launches and strong consumer demand.

Indicators published in September (Economic Service)