China's economy is performing well, but do be aware of the substantial 'base effects' coming in the y/y data coming off a poor April 2020 when the country was in the midst of it pandemic response.
Industrial Production 9.8% y/y, slight miss
expected 10%, prior was 14.1%
Industrial Production YTD 20.3% y/y
expected 21.1%, prior was 24.5%
Fixed Assets (excluding rural) YTD 19.9% y/y
expected 20.0%, prior was 25.6%
Retail Sales 17.7% y/y for a substantial miss, a sign the domestic economy is not as strong as expected
expected 25.0%, prior was 34.2%
Retail Sales YTD 29.6% y/y
expected 31.9%, prior was 33.9%
More:
Unemployment rate 5.1%
- expected 5.2%, prior 5.2%