China’s Consumer And Factory Data Miss Expectations In July

17 August 2022

China reported data for July that came in well below expectations as the real estate slump and Covid controls dragged down growth.  Retail sales grew by 2.7% in July from a year ago, the National Bureau of Statistics said Monday and down from growth of 3.1% in  June.
 
Industrial production rose by 3.8%, also missing expectations for 4.6% growth and a drop from the prior month’s 3.9% increase.
 
Source: China National Bureau of Statistics
Post by: Republic of Türkiye Ministry of Trade