Chinese industrial production likely to have remained flat in November, retail sales to have recovered slightly

The Chinese industrial production data is set to be released this week, along with the retail sales index data. On a year-on-year basis, China’s industrial production index has been comparatively stable as well as on a year-to-date basis. But markets are expecting a slight deceleration from the average over the past three months, in line with what has been seen from analysts with regards to economic growth in the second-largest economy of the world, noted Wells Fargo in a research report.

Consensus expectations are for industrial production to have remained flat at 6.2 percent year-on-year in November. In the meantime, the retail sales index has shown some softening in recent times while consensus is expecting some slight rebound.

“If that is not the case and we see some more weakness in this index, it will be the first time since February 2004 that growth in this index has dropped below 10 percent on a year-earlier basis”, added Wells Fargo.

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