Norbolsa | August macro data once again show signs of weakness in the Chinese economy, with the lowest growth figures of the year, which has reignited expectations of stimulus measures. Consumption is growing less than expected (retail sales up 3.4% against 3.8% estimated), as are industrial production (up 5.2% against 5.6%) and investment (0.5% against 1.5%).
Residential investment continues to fall at a rate of 7%. However, it is expected that the Q3 GDP data and its publication date (early October) could be a date for announcing some stimulus measures, especially if the 5% growth target becomes difficult to achieve.
