China data for June 2017
Industrial Production 7.6% y/y for a huge beat
- expected 6.5%, prior was 6.5%
- For the m/m up 0.81%
Industrial production YTD 6.9% y/y beat
expected 10.3%, prior was 10.3%expected 6.7%, prior 6.7%
Fixed Assets (excluding rural) YTD 8.6% y/y, beat
- expected 8.5%, prior was 8.6%
- Private investment +7.2% in January to June (from 6.8% January to May)
Retail Sales 11.0% y/y, big beat
- expected 10.6%, prior was 10.7%
Retail Sales YTD 10.4% y/y, beat
- expected is 10.3%, prior was 10.3%
From China's National Bureau of Statistics:
- June steel output at a record high
- Real estate investment in China rose 8.5 percent in the first half of 2017 from the same period a year earlier, easing slightly from 8.8 percent growth in the first five months
- New construction starts measured by floor area were up 10.6 percent in the first half of the year, compared with a 9.5 percent rise in the first five January-May
- Property sales measured by floor area grew 16.1 percent in January-June from the same period a year earlier, up from 14.3 percent in the first five months of the year
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