Industrial Production 3.5% y/y for a beat • expected 3.0%, prior was 3.1% • October daily steel output hit its lowest since December of 2017. Over the past 5 months crude steel output has fallen 28% and is down 0.7% YTD. • ocot coal output hit its highest since March of 2015 • Industrial Production YTD 10.9% y/y prior was 11.8% • Retail Sales 4.9% y/y for a beat expected 3.5%, prior was 4.4% Retail Sales YTD 14.9% y/y prior was 16.37% Fixed Assets (excluding rural) 6.1% y/y expected 6.2%, prior was 7.3% and YTD for this +8.5% y/y The urban surveyed unemployment rate in October is 4.9% expected 4.9%, prior 1.9% -- ... (full story)

China’s economy performed better than expected in October as retail sales and industrial output beat estimates, relieving concern a property slump was broadening. Industrial output rose 3.5% in October from a year earlier, according to the National Bureau of Statistics, faster than September’s reading and higher than economists’ expectations. Retail sales growth accelerated to 4.9%, above the 3.7% estimate in a Bloomberg survey of economists. Growth in fixed-asset investment eased to 6.1% in the first 10 months of the year, compared with a forecast of 6.2%. The surveyed jobless rate was steady at 4.9%. The ... (full story)