China April Industrial production: 5.4% y/y (expected 6.5%)

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%)
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