CNY News

Industrial production in China was up 5.9 percent on year in October, the National Bureau of Statistics said on Wednesday.

That exceeded expectation for 5.8 percent, which would have been unchanged from the September reading.

The bureau also said that retail sales climbed 8.6 percent on year - missing forecasts for a gain of 9.2 percent, which again would have been unchanged from the previous month.

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The services sector in China continued to expand in November, and at a greatly accelerated rate, the latest survey from Caixin revealed on Wednesday with a PMI score of 53.8.

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China's manufacturing activity fell in December, due to a decline in new orders, for the first time since May 2017, survey data from IHS Markit showed on Wednesday. The headline seasonally adjusted Caixin Factory Purchasing Managers' Index, or PMI, fell to 49.7 from 50.2 in November.

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China's gross domestic product expanded a seasonally adjusted 1.4 percent on quarter in the first quarter of 2019, the National Bureau of Statistics said on Wednesday - in line with expectations and down from 1.5 percent in the three months prior.

On a yearly basis, GDP expanded 6.4 percent - unchanged from Q4 and beating forecasts for 6.3 percent.

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Consumer prices in China were up 2.7 percent on year in June, the National Bureau of Statistics said on Wednesday - in line with expectations and unchanged from the May reading.

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The manufacturing sector in China continued to contract in July, albeit at a slower pace, the latest survey from the National Bureau of Statistics showed on Wednesday with a manufacturing PMI score of 49.7.

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China's manufacturing sector recovered in August largely driven by the fastest growth in production in five months, survey data from IHS Markit showed Monday. The Caixin factory Purchasing Managers' Index rose to 50.4 in August from 49.9 in July. A score above 50 indicates expansion. The official manufacturing PMI dropped to 49.5 in August from 49.7 in July.

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Consumer prices in China were up 2.8 percent on year in August, the National Bureau of Statistics said on Tuesday - unchanged from the July reading but above forecasts for an increase of 2.7 percent.

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China inflation accelerated to the highest since 2013 on food prices, while factory gate prices eased further in September as trade disputes with the US and subdued demand weighed on the manufacturing sector. Consumer price inflation rose more-than-expected to 3 percent in September from 2.8 percent in August, data from the National Bureau of Statistics revealed Tuesday.

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China's consumer price inflation accelerated to the highest since early 2012 in November as disruption to pork supply pushed up food inflation, data from the National Bureau of Statistics showed Tuesday. Another report from NBS showed that producer prices declined for the fifth consecutive month in November.

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