Chinese economic data: retail sales 12.4 percent up, industrial output 8.8 up

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Retail sales in China also increased sharply in May, but less than in previous months. This was shown on Wednesday by government figures.

Sales increased 12.4 percent year-on-year in May. The first months of this year saw increases of more than 30 percent, after which in April the increase dropped to 17.7 percent. The annual increase in May is below the expectations of economists of 13.6 percent. On a monthly basis, the increase was 0.81% in May, after a plus of 0.25% in April.

Chinese industrial production increased sharply again in May, but less than in the first months of this year. This was shown on Wednesday by government figures.

Production increased by 8.8 percent, after a plus of 9.8 percent in April, 14.1 percent in March and more than 35 percent in the first two months of this year. The increase is in line with the expectations of economists. On a monthly basis, production increased by 0.52% in May, as in April.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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