Activity data from China for June 2021

  • Industrial Output 8.3% y/y (expected 7.9%, prior 8.8%)
  • Retail Sales +12.1% (expected 10.8%, prior 12.4%)
  • Fixed Assets (excluding rural) YTD 12.6% y/y (expected 12.1%, prior was 15.4%)

At the same time, GDP data was out

The June activity data is of more relevance, more recent. It shows (see above) an acceleration in activity from May.