Industrial Production 7.0% y/y

• expected 7.0%, prior was 6.9%

Industrial Production YTD 2.3% y/y

• expected 2.3%, prior was 1.8%

Fixed Assets (excluding rural) YTD 2.6% y/y

• expected 2.6%, prior was 1.8%

Retail Sales 5.0% y/y

• expected 5.0%, prior was 4.3%

Retail Sales YTD -4.8% y/y …. the only ‘beat’, not as negative as expected

• expected -4.9%, prior was -5.9%

Huh. All central expectations are bang on the money except for that one tiny beat noted above.