China’s retail sales to rebound in October

In China, credit growth is moving in downward trend for past 6 months. The housing sector a highly a volatile sector is expected to recover gradually in the coming quarters. 

Fixed-asset investment reached to a lowest level of 6.8% in September, should have rebounded with a solid growth rate of 9% yoy in October, and retail sales are expected to post 10.8% in the same month, argues Societe Generale.

The Caixin manufacturing PMI report posted a solid performance as it increased to 48.3 in October from 47.2 in previous month. However, the official figure remained unchanged at 49.8. Therefore, the industrial production is expected to grow at 5.8% yoy in October in compare to 5.7% yoy in September, says SocGen in a research note.