China's National Bureau of Statistics (NBS) says PPI deflation will slim in months forward

Hopes are up, again, for stimulus from China after the most recent data, which continues the theme of e=unevenn recovery:

• China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production +5.1% y/y

National Bureau of Statistics (NBS) with remarks:

• Economic recovery trend needs to be consolidated
• Expects recovery in consumption to consolidate as policies gain traction
• Falls in Producer Prices Index are likely to narrow in coming months

This article was written by Eamonn Sheridan at www.forexlive.com.