• Chinese retail sales and industrial production rose less than expected y/y

Market news

14 August 2018

Chinese retail sales and industrial production rose less than expected y/y

Retail sales in China jumped 8.8 percent on year in July, according to rttnews.

That was shy of forecasts for a gain of 9.1 percent and down from 9.0 percent in June.

The bureau also noted that industrial production advanced an annual 6.0 percent - unchanged from a month earlier but again beneath forecasts for 6.3 percent.

Also, fixed asset investment was up 5.5 percent on year - missing expectations for 6.0 percent - which would have been unchanged from the previous month.

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