Economic Data Sheet November 2018
Fixed asset investment (5.7% y/y) continued the growth from September, up by 0.3% from Jan-Sept. Infrastructure investment (3.7% y/y) overseen by the government reversed the downward trend for the first time in 2018, up by 0.4%.
German investment spiked again in October. Recording $860 million, German FDI was higher than the August $790 million. The 2018 accumulated German investment by October was $2.75bn, exceeding the 2016 account of $2.7bn.
Despite the week-long national holiday, retails contracted from 9.2% in September to 8.6% in October, pointing to the recent consumption downgrade argument.