Real retail sales growth hit a seven-year high of 9.5% YoY in 11M 2017
As the APEC Summit ends, Christmas comes around as another boost to retailers, who will start sales promotions and prepare to meet rising consumer demand ahead of the end-of-the-year holidays. This should help retail sales enjoy robust growth in the last month of the year.
Industrial Index of Production (IIP): Manufacturing’s IIP remained robust, but a softer PMI signaled that growth may be slowing
Manufacturing IPP surged 24.3% YoY in November and 14.4% YoY in 11M 2017. However, the PMI reading saw a second consecutive monthly decline, although it remained in expansionary territory at above 50.
Photo: CBR Investment AG