China: Retail sales and industrial production much better than estimates in August

In August, China’s retail sales grew by 5.4% on an annual basis, outperforming the consensus expected increase of + 3.5%. A rundown of Chinese macro data was released today: industrial production was also highlighted, which rose in August in China by 4.2% on an annual basis, even better in this case than analysts’ estimates of an increase of + 3.8% .