Industrial output in China for April. Stimulus helping this along bt not enough. A big miss.
5.4 % y/y
- expected 6.5%,prior 8.5%
6.2 % YTD y/y
- expected 6.5%, prior 6.5%
Retail sales missed too:
- China Retail sales for April: 7.2% y/y (expected 8.6%)
and:
- China Fixed asset investment (excl rural) for April 6.1% y/y (expected 6.4%)