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Sep 16 6 tweets 7 min read
#China's August urban surveyed unemployment rate 5.3%[Est. 5.4%;Prev. 5.4%]
Jan-Aug urban fixed investment +5.8% y/y [Est.+5.5%;Prev.+5.7%]
Aug industrial value-added +4.2% y/y [Est.+3.8%;Prev.+3.8%]
Aug retail sales +5.4% y/y [Est.+3.5%;Prev.+2.7%]
1/n #GDP #EconTwitter 🇨🇳
China produced 5.74 million tons of non-ferrous metal in August, which rose by 6.7%, the most since January 2021.
Jan-Aug non-ferrous metal productions +1.9% to 44 million tons.
2/ #China #copper #aluminum
In Aug, #China's total retail sales were recorded at 3.6258 trillion yuan, up 5.4% y/y but dropped 0.05% m/m.
Among them, retail sales of goods were 3.25 trillion yuan, which rose by 5.1% y/y; The total revenue for the catering industry was 374.8 billion yuan, surged 8.4% y/y.
3/
#China's Aug industry output increased by 4.2% y/y or rose by 0.32% m/m.
#Crudeoil refinery -6.5% to 53.6 million tons per day.
Power generation +9.9% to 0.825 TWh.
Vehicle production +39% to 2.426 mln units.
#Steel production -1.5% to 1.083 trillion tons.
4/ #OOTT #EconTwitter🇨🇳
#China's Jan-Aug nationwide fixed-asset investment increased by 5.8% y/y to 36.71 trillion yuan, recovered by 0.36% m/m.
The investments in the #manufacturing industry added 10% y/y, and the electricity, heating, gas & water supply rose 15% y/y
5/ #econtwitter #investment 🇨🇳
#China's Jan-August #realestate development investment fell by 7.4% y/y to 9.08 trillion yuan.
Residential housing sales areas dropped by 23% y/y to 8.79 million square meters, and the total sales dropped 27.9% y/y to 8.59 trillion yuan.
Sentiment 95.07📉
6/ #property #housing 🇨🇳

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More from @Sino_Market

Sep 16
RMB exchange rate will remain basically stable: Cailianshe cites sources close to central bank
#China $CNY $CNH
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#China's cabinet says to extend tax reliefs for some small firms: CCTV
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Sep 7
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#CANADA $CAD
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#CANADA $CAD
BOC: WILL BE ASSESSING HOW MUCH HIGHER RATES NEED TO GO AS EFFECTS OF TIGHTER MONETARY POLICY WORK THROUGH THE ECONOMY. SURVEYS SUGGEST SHORT-TERM INFLATION EXPECTATIONS REMAIN HIGH; THE LONGER THIS CONTINUES, THE GREATER THE RISK ELEVATED INFLATION BECOMES ENTRENCHED.
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