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15 Aug 2024
China’s July Retail Sales rise 2.7%, Industrial Production up 5.1%
China’s July Retail Sales, increased 2.7% YoY vs. 2.6% expected and 2.0% in June while the country’s Industrial Production rose 5.1% YoY in the same period vs. 5.2% forecast and 5.3% booked previously. The National Bureau of Statistics (NBS) released the official data on Thursday.
Meanwhile, the Fixed Asset Investment rose 3.6% YTD YoY in July, as against the expected 3.9% figure and June’s 3.9% print.