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China’s May Retail Sales rose 3.7%, Industrial Production up 5.6%

Jun 17, 2024 2:02 AM

China’s May Retail Sales, rose 3.7% YoY vs. 3.0% expected and April’s 2.3% while the country’s Industrial Production increased 5.6% YoY in the same period vs. 6.0% forecast and 6.7% recorded previously. The official data was published by the National Bureau of Statistics (NBS) on Monday.

Meanwhile, the Fixed Asset Investment rose 4.0% YTD YoY in May, compared to the 4.2% figure anticipated and 4.2% in April.

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