Economic Data Sheet September 2018
Fixed asset investment (5.3%y/y) declined further by August, down by 0.2% from July. The infrastructure investment (4.2% y/y) showed no improvement, despite repeated government push.
Retails (9.0%y/y) rebounded slightly from 8.8%y/y in July, though still following a downward trend.
German investment spiked in August, up by $790mn, bringing the year’s accumulation to $1.51bn.
China’s foreign trade continued the July momentum, though growth fell by 7.3% and 2.3% for import and export respectively from July.