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- Chinese industrial production rose less than expected
Chinese industrial production rose less than expected
Industrial production in China was up 6.8 percent on year in May, according to rttnews.
That was shy of expectations for 7.0 percent, which would have been unchanged from the April reading.
The bureau also said that retail sales were up an annual 8.5 percent in May - also missing expectations for 9.6 percent and down from 9.4 percent in the previous month.
Fixed asset investment gained 6.1 percent on year in May, missing forecasts for 7.0 percent, which would have been unchanged from the April reading.
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