China activity data for May

Industrial Production +4.4% y/y

  • expected 5.0%, prior was 3.9%

Industrial production YTD -2.8% y/y

  • expected -3.0%, prior was -4.9%

Fixed Assets (excluding rural) YTD -6.3% y/y,

  • expected -6.0%, prior was -10.3%

Retail Sales -2.8% y/y,

  • expected -2.3%, prior was -7.5%
  • a 4th consecutive month of decline for retail sales, at least not as dire as the April result though

Retail Sales YTD -13.5% y/y,

  • expected -13.5%, prior was -16.2%

Also data released for the unemployment rate, 5.9%

  • expected 5.9%, prior was 6.0%