China's Retail Sales Disappoint in June While Industrial Output Surprises Analysts

Monday, 15 July 2024, 05:27

China reported a lower-than-expected 2% year-on-year growth in retail sales for June 2024, missing market projections. This marks a notable slowdown from the previous month's 3.7% increase. However, industrial output in China surpassed estimates, offering a brighter outlook.
Seeking Alpha
China's Retail Sales Disappoint in June While Industrial Output Surprises Analysts

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.


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