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