China retail data

China’s latest May 2024 retail sales data came in above expectations

In May 2024, China’s retail sales exceeded forecasts, increasing by 3.7% from the previous year and surpassing the anticipated 3% rise.

Conversely, industrial output experienced a 5.6% growth on an annual basis, falling short of the projected 6% increment. Meanwhile, fixed asset investment saw a 4% increase from the previous May, narrowly missing the predicted 4.2% growth.

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