China’s October Activity Data Misses Across The Board, While Japan’s Economy Decelerates Sharply

China’s October Activity Data Misses Across The Board, While Japan’s Economy Decelerates Sharply

October activity data for China showed the world's second largest economy is struggling to regain its footing amid the myriad headwinds bedeviling policymakers in Beijing. Industrial output rose just 4.7% YoY in October, below even the most pessimistic estimate from more than three dozen economists. Consensus was looking for 5.4%. The range was 4.9% to 6%. Industrial output plunged to a 17-year nadir in August, but rebounded the following month. In that context, the October print looks like a
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