China sees grimmer October as car and home sales drop

China's car sales also fell in the first three weeks of October, continuing the slump of the past five months. - Xinhua

BEIJING (Bloomberg) -- China’s economy is showing signs of a further slowdown with car and housing sales dropping again this month even as exports continue their strong performance and the government seeks to allay concerns over growth.

That’s the outlook from Bloomberg’s aggregate index of eight early indicators for October. While the overall number stayed unchanged, under the surface there was a continued deterioration in some of the real-time economic data.