Summary of Chinese data release on Sept. 11
September 12th, 2009
To summarize the Chinese official data released on Friday Sept. 11:
The Good
Manufacturing output: up by 12.3% year on year, better than last month’s 10.8% and higher than consensus.
Steel output: up 29%
Auto production: up 90%.
Urban fixed-asset investment: up 33.0% for the first eight months of the year, which slightly exceeded already-high estimates of 32.5%.
Retail sales: up [...]