From CNBC, June 16/17:
- China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago and beating expectations of a 3% rise.
- However, industrial output grew by 5.6% year-on-year, missing the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists.
However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts.
Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
China’s exports have held up, growing by 7.6% year-on-year in May in U.S. dollar terms, beating the Reuters’ forecast for a 6% increase. But imports missed expectations, rising by 1.8% during that time....
....MUCH MORE
Not a lot of action in major equities with the Shanghai - Shenzhen 300 down less than 1/10th percent.