China April Industrial output 5.6% y/y (expected +10.9%) Retail sales 18.4% y/y (21.0%)

Chinese economic activity data for April 2023.

  • Miss on industrial production, miss on retail sales, miss on fixed asset investment.
china data 16 May 2023

'Risk' FX is taking a wee hit on the disappointing data. IP and retail sales are both well ahead of the March data but missed analyst central expectations.

china economic recovery beige book 02 May 2023

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