more to come
Industrial Production +2.2% y/y, a miss
- expected 3.6%, prior was 5.0%
Fixed Assets (excluding rural) YTD +5.3% y/y, a miss
- expected 5.6%, prior was 5.8%
Retail Sales -5.9% y/y, a huge miss
- expected -3.6%, prior was -0.5%
Unemployment rate 5.7%
- expected 5.6%, prior 5.5%
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As I said in the preview to this data:
- Poor Chinese data will be discounted quickly given the moves towards reopening we've recently had are expected to boost economic growth in the months ahead.
