The beat for retail sales is going to be read as slightly better news on household consumption/demand.
The other two headline data points are both misses though. Industrial output has dribbled lower compared to the previous month for the third consecutive month.
![china retail sales industrial output July 2024 2](https://images.forexlive.com/images/china%20retail%20sales%20industrial%20output%20July%202024_id_5b9e40be-05cc-4379-babc-96c76efe1f61_size900.jpg)
A spokesperson for China's National Bureau of Statistics (NBS) says China's economy was generally stable in the month
- noted the increasing negative impact from China's external environment