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.
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
This article was written by Eamonn Sheridan at www.forexlive.com.
