China June Industrial output +5.3% y/y (expected +5.0%) Retail sales +2.0% (3.3%% exp)

Key economic indicators from China for June 2024.

Industrial Production +5.3% y/y

• expected 5%, prior 5.6%

Retail Sales +2.0% y/y, a substantial miss

• expected 3.3%, prior 3.7%

Fixed Asset Investment (YTD) 3.9% y/y

• expected 3.9%, prior 4%

Unemployment rate 5.0%

• expected 5.0%, prior 5.0%

Q2 GDP 4.7% y/y – big miss

• expected 5.1%, prior 5.3%

Q2 GDP +0.7% q/q – big miss

• expected 1.1%, prior 1.6%

more to come

***

A mixed bag for the data, but retail sales missing by so much is not going to give much encouragement for demand from the household sector.

This article was written by Eamonn Sheridan at www.forexlive.com.