China May industrial production +5.0% vs +5.4% y/y expected
Chinese industrial production data for May is released - 14 June 2019
- Prior +5.4%
- Industrial production YTD +6.0% vs +6.1% y/y expected
- Prior +6.2%
The headline reading is poor as the annual estimate of industrial production slows to its weakest level since February 2002. The year-to-date figure is at least somewhat steady but this will no doubt feed into further concerns about a slowdown in the Chinese economy in Q2 despite efforts by local authorities to boost economic growth.