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China’s retail sales growth sharply misses estimates in November, deepening consumption worries
Retail sales rose 1.3% year-on-year in November, missing forecasts as auto sales fell 8.1%, while fixed-asset investment shrank 2.6%, deepening concerns over weak consumption.
- On Monday, the National Bureau of Statistics released November retail sales data showing growth of 1.3%, sharply missing forecasts and slowing from October's 2.9%.
- Goldman Sachs economists said an earlier Singles' Day festival and extended promotions through Nov. 11 pulled demand into October, while China Automobile Dealers Association data show auto sales fell for the first time in three years.
- NBS monthly statistics reveal industrial production rose but slowed from October and fell short of Wind's 4.98 estimate, with fixed-asset investment contracting more sharply in November.
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China’s November Numbers Show A Familiar Split: Factories Hold Up, Shoppers Step Back
Key Points Retail sales growth cooled to 1.3%, a sign households are still cautious. Passenger-car sales fell 8.5%, the biggest drop in 10 months, despite record EV penetration. Exports are propping up growth, but that cushion is feeding tariff pressure in Europe and Mexico. The latest news landed Monday with an uncomfortable message: November’s data […]
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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