That’s a very good retail sales result, well ahead of expected and April. Retail sales is an indication to household consumption.
- at 6.4% y/y it’s the fastest since December 2023
Industrial production was a slight miss, and the slowest growth since November 2024.
More:
- China end-May surveyed unemployment rate 5.0% vs. 5.1% expected, 5.1% prior
This article was written by Eamonn Sheridan at www.forexlive.com.