Retail sales in China were disappointing in November.
Industrial production, on the other hand, increased in line with expectations. Retail sales rose by just three percent in November compared to the previous year, as the Chinese statistics office announced in Beijing on Monday. Growth was therefore significantly lower than in the previous month.
In October growth was still 4.8 percent. Experts surveyed by Bloomberg, on the other hand, had expected this to accelerate slightly in November. Industrial production rose by 5.4 percent in November compared to the previous year, as analysts expected.
However, some experts such as Societe Generale economist Michelle Lam also attribute this to anticipatory effects before the new US President Donald Trump takes office in January. This could make it more difficult to export goods through customs duties. (dpa)