PGJ - China retail sales growth of 4.6% at 3-month high in August
2023-09-15 01:09:46 ET
- China's retail sales increased by 4.6% year-on-year in August 2023, quickening from a 2.5% growth in the prior month and exceeding market estimates of 3.0%. This was the eighth straight month of rise in retail trade and the strongest pace since May.
- For the first eight months of the year, retail trade rose by 7.0%.
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ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
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More on China economy:
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China’s manufacturing activity contracts for a fifth straight month to 49.7 in August
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China consumer inflation turns positive in August; PPI drops the least in 5 months
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China's CPI falls for first time in over two years; PPI drops more than expected
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China trade surplus narrows sharply in July as exports, imports both posted double-digit decline
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China service sector growth of 54.1 in July beats forecasts; composite PMI drops to 6-month low
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China retail sales growth of 4.6% at 3-month high in August