China's Industrial Output Surprisingly Increased by 0.7 percent in May, and Retail Sales Exceeded Expectations.

May Retail Sales YoY in China were -6.7 percent, down from -7.1 percent predicted and -11.1 percent the previous month, while Industrial Production YoY was 0.7 percent, down from -0.7 percent projected and -2.9 percent the month before.

June 15, 2022 - 11:56 AM 234 views

China's Industrial Output Surprisingly Increased by 0.7 percent in May, and Retail Sales Exceeded Expectations.

Market News

© China's Industrial Output Surprisingly Increased by 0.7 percent in May, and Retail Sales Exceeded Expectations.

Free Enquiry Now

May Retail Sales YoY in China were -6.7 percent, down from -7.1 percent predicted and -11.1 percent the previous month, while Industrial Production YoY was 0.7 percent, down from -0.7 percent projected and -2.9 percent the month before.

Meanwhile, Fixed Asset Investment YoY increased to 6.2 percent, up from 6.0 percent predicted and 6.8 percent the previous year.

Additional information

China's jobless rate was 5.9% in May, according to a countrywide survey.

China's jobless rate in 31 major cities was 6.9% in May, according to a poll.

In the months of January to May, China's economy added 5.29 million new urban jobs.

The Market Reaction

The significant beat on Chinese data hasn't inspired the Australian dollar. The AUD/USD pair is maintaining its recent rebound gains near 0.6915, having gained 0.66 percent so far.


Learn to Trade with Best and Trusted Global Broker

Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market.

Free Enquiry Now:  Click Here 

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here