China released three key economic reports late Tuesday, all missing. Retail sales 7.2% y/y missed expected 8.6%, Industrial production 5.4% y/y under 6.5% expected and Fixed asset investment 6.1% y/y missed expected 6.4%.
China released three key economic reports late Tuesday, all missing. Retail sales 7.2% y/y missed expected 8.6%, Industrial production 5.4% y/y under 6.5% expected and Fixed asset investment 6.1% y/y missed expected 6.4%.
The foreign exchange and stock indices did not sell aggressively on the data, the rationale is that China will ease further and secondly there is more impetus to China to seek a trade deal of the U.S.
China April Retail sales:
- 7.2% y/y missed expected 8.6%, prior 8.7%
- 8.0 % YTD y/y expected 8.4%, prior 8.3%
- This retail sales growth was the slowest since May 2003.
China April Industrial production:
- 5.4% y/y missed expected 6.5%, prior 8.5%
- 6.2 % YTD y/y expected 6.5%, prior 6.5%
China Fixed asset investment (excl rural) for April
- 6.1% y/y missed expected 6.4%Fixed Asset Investment in China averaged 19.73 percent from 1996 until 2019, reaching an all time high of 53 percent in February of 2004 and a record low of 5.30 percent in August of 2018.
China Private sector investment for April
- (accounts for around 60% of investment)
- +5.5% under what it had been tracking at +6.4% in Q1
China Public investment for April
7.8 percent beat the 6.7 percent expected
From The TradersCommunity News Desk