11 September 2025 | 10:39PM HKT China: August activity data preview: Expecting above-consensus IP and below-consensus FAI and retail sales Bottom line: August activity data – including industrial production (IP), fixed asset investment (FAI) and retail sales – will be released next Monday (15 September). Our forecasts are above market consensus for IP, but below for FAI and retail sales. Specifically, we expect IP growth to rise to 6.2% yoy in August from 5.7% yoy in July, reflecting the improvement in manu ...