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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Previews for background:

• China 'activity' data coming up - industrial production, retail sales, and more
• Coming up from China on Wednesday - data for industrial production and retail sales