China's Retail Sales Disappoint in June While Industrial Output Surprises Analysts
Monday, 15 July 2024, 05:27
China Retail Sales Update:
China's retail sales growth disappoints in June, rising by only 2% year-on-year.
Key Points:
- China's retail sales fell short of market forecasts, showing a notable 1.3% difference from expectations.
- Industrial output in China outperformed estimates, providing a positive economic signal.
Despite the retail sales slump, the industrial sector in China shows resilience and continues to exceed expectations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.