China Retail Sales Up 17.7% In September
China retail sales rose 17.7% y-o-y in August vs. 17.o% August reading. Consensus was also at 17.0%.
Global Macro Perspectives
China retail sales rose 17.7% y-o-y in August vs. 17.o% August reading. Consensus was also at 17.0%.
China fixed asset investments were up 24.9% y-o-y in September; August reading was at 25.0%. Consensus was at 24.8%.
Industrial production in China rose 13.8% y-o-y in September; August reading was at 13.5%. Consensus was at 13.4%.
China third quarter GDP rose 9.1%, vs. second quarter 2011 growth rate of 9.5%. Consensus was at 9.3%.
Baltic dry index rose 7.1% last week; Capesize Index was up 11.5%; Panamax Index rose 8.9%; Supramax Index was up 4.0%; Handysize Index rose 6.2%.
The most broad measure of money supply – M2 rose 13.0% y-o-y in September vs. 14.0% consensus and 13.5% rise in August.
China Consumer Price Index was up 6.1% in September, vs. 6.1% consensus and 6.2% August reading. Food inflation remained unchanged at 13.4%.
China Producer Price Index was fell to 6.5% from 7.3% in August. Consensus was at 6.9%.
China trade balance was reported at USD 14.5 billion vs. USD 17.8 billion in August and USD 16.3 billion consensus. Export and import growth were running at 17.1 and 20.9 percent vs. 24.5 and 30.2 percent y-o-y in June.
Baltic dry index rose 5.3% last week; Capesize Index was up 2.6%; Panamax Index rose 10.8%; Supramax Index was up 2.3%; Handysize Index rose 4.6%.
Baltic dry index fell 1.5% last week; Capesize Index was down 5.2%; Panamax Index rose 4.5%; Supramax Index was up 0.9%; Handysize Index rose 6.6%.
Baltic dry index rose 8.8% last week; Capesize Index was up 17.1%; Panamax Index fell 5.4%; Supramax Index was up 2.0%; Handysize Index rose 1.3%.
Iron ore inventory close to all time high, price unchanged; Steel inventory and price mostly unchanged; Coal inventory down, price stable.
Baltic dry index fell 3.3% last week; Capesize Index was down 8.0%; Panamax Index rose 3.0%; Supramax Index was up 2.7%; Handysize Index fell 1.2%.
China retail sales rose 17.0% y-o-y in August vs. 17.2% July reading. Consensus was at 17.0%.
Industrial production in China rose 13.5% y-o-y in August; July reading was at 14.0%. Consensus was at 13.7%.
China Consumer Price Index was up 6.2% in August, vs. 6.2% consensus and 6.5% July reading. Food inflation moderated from 14.8% in July to 13.4% in August.
China Producer Price Index was up 7.3% vs. 7.2% consensus and 7.5% July reading.
Judging from recent data it is possible that inflation has peaked for this year.