China data - industrial production & retail sales for August both beat expectations

China August activity data - all indicators coming in stronger than central median survey estimates.

Industrial Production 5.6% y/y ... BEAT

• expected 5.1%, prior was 4.8%

Industrial production YTD 0.4% y/y ... BEAT

• expected +0.2%, prior was -0.4%

Fixed Assets (excluding rural) YTD -0.3% y/y ... BEAT

• expected -0.4%, prior was -1.6%

Retail Sales 0.5% y/y ... BEAT

• expected 0.0%, prior was -1.1%
• the >0 result is the first growth for 2020.

Retail Sales YTD -8.6% y/y ... BEAT

• expected -8.8%, prior was -9.9%