China July Data: A New Slew of Misses

China released a raft of disappointing economic data for July on Wednesday, adding to concerns about the world’s second largest economy and raising expectations of further stimulus from the government.

Retail sales rose 10.5 percent in July from the year earlier, according to the National Bureau of Statistics, below the 10.6 percent rise forecast in a Reuters poll and following June’s 10.6 percent rise.

Industrial output, meanwhile, grew an annualized 6.0 percent in the month, lower than expectations for a 6.6 percent gain and after a 6.8 percent uptick in the previous month.

In addition, fixed-asset investment, a key economic driver, expanded 11.2 percent in the first seven months of the year from the year-earlier period, missing estimates for a 11.5 percent gain and compared with a 11.4 percent gain seen between January and June.

CNBC

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