China Suffers Worst Start To A Year For Retail Sales Growth Since 2002

Tyler Durden's picture

With its credit impulse wearing off (and inflation spikes stalling any hopes of renewed stimulus anytime soon), it appears China's always-happy consumer is not so happy as 2017 begins.

 

Against expectations of a 10.6% year-over-year gain in year-to-date cumulative retail sales, February saw just a 9.5% rise - the weakest February since 2002.

Presumably there is some lunar-new-year adjustment that will rescue this terrible print from its 15 year lows but we note once again that every one of the 37 analysts over-estimated (or forgot to read the calendar).

This was a 4 standard deviation miss...

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spicedune's picture
spicedune (not verified) Mar 13, 2017 9:19 PM

we really need to consider what this means for prices in the homeland www.inflation.co

Giant Meteor's picture

Hmmmm, very quiet here on the western front. It might be just you and I left. Do you think we're in the "pen?"

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Giant Meteor Mar 13, 2017 9:34 PM

Bullish.

And @spicedune, member 5 days 1 hour: FUCK OFF, spammer.  Nobody's going to go to your spam link.

francis scott falseflag's picture

AND HE SLIPPED RIGHT BY GIANT METEOR'S VIGILANT EYE

flicker life's picture

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ceilidh_trail's picture

Dare I say, 9.5% retail growth is considered weak? Of course, it is a number made in China.

roddy6667's picture

Only ZH could portray a drop from 10.6% to 9.5% as something bad. Does ZH get money from Washington to print bad things about China?
America's retail growth month-on-month is pathetically small. In fact, it is lower than the inflation rate, so it is not growth, but loss.

BeanusCountus's picture

So figure it's 6. Still good in the grand scheme of things. No surprise that growth slowing. Not bad though.

Triple A's picture

debts are becoming too heavy, if money printing doesnt ramp up a deflationary depression will unfold.

TheRideNeverEnds's picture

Nowhere to go but up.

Bullish!

Silver Savior's picture

Why should one care about growth at all? All it does is make the jackasses on the top richer and degrades the environment. Unlimited growth on a finite planet. What is there left to buy? What is there left to make? More importantly who has the money or willingness to spend?

If I got a stimulus check right now the only thing I would buy is a big fat silver bar to hedge against the stimulus!

whatisthat's picture

I would observe any/all manipulated economies and markets fail - at some point over time by design and practice, 2017 or 2018 is when the Chinese economic failure may occur due in part, to negative demand and debt.

Iconoclast421's picture

Talk about misleading charts. There is no difference between 9.5 and 10.0%. Those are obvious completely made up bullshit numbers.