China Data Dump and Alternative Gauges Both Signal Steady Output
- Economists forecast moderation in factory output, retail sales
- Big data point to solid construction and consumer confidence
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China’s next batch of official indicators are expected to signal broadly steady output, while alternative data are showing robust economic activity.
Official releases due Monday will show industrial output and retail sales both dipped slightly last month as credit expansion slowed, while the pace of investment remained unchanged, according to economists surveyed by Bloomberg. Proxies such as excavator sales and bank card transactions also point to steady construction and consumer sentiment.