Forex
globalreutersMay 17, 20241 Mins read
China April March Industrial output +6.7%y/y (expected +5.5%) Retail sales +2.3%(3.8% exp)
globalreutersMay 17, 20241 Mins read Key economic indicators from China for March 2024.
Unemployment Rate 5.0%
- expected 5.2%, prior 5.2%
So, a bit of encouraging news and some not so good.
- Factory output beat, unemployment beat.
- Retail and investment miss
Domestic consumption, as reflected in that miss for retail sales, is still struggling.
This article was written by Eamonn Sheridan at www.forexlive.com.
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