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China July Industrial production +3.7% y/y (expected 4.5%) & Retail sales +2.5% (4.8%)

China July Industrial production +3.7% y/y (expected 4.5%) & Retail sales +2.5% (4.8%)
China industrial production and retail sales data for July 2023. Big misses for both.We would normally get the youth unemployment rate - that's been left off the data release entirely. Overall u/e rate has been released, comes in at 5.3% (expected 5.2%).China's National Bureau of Statistics (NBS) have commented on the results, in blunt terms from Chinese authorities:economy continues to recovery in Julythe foundation for economic recovery needs to be cementedboost to domestic demand is needed, d... Read More
Posted: Aug 15 2023, 02:00
Author Name: forexlive
Views: 112474

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