China Fixed Asset Investment and Retail Sales Data

China's May economic data showed a miss in retail sales and fixed asset investment, while industrial production performed in line with expectations. The report highlights ongoing property sector challenges and suggests potential downside risks to Q2 GDP forecasts.

Key Takeaways

• 1.China's May fixed asset investment and retail sales data fell short of market expectations.
• 2.Industrial production growth saw a modest increase to 4.5% yoy due to stronger-than-expected exports.
• 3.Property activity remains under significant pressure with continued year-on-year contractions in sales, starts, and investment.

Table of Contents

• Bottom line
• Asia-MAP scores
• Key numbers
• Retail sales
• Services industry output index
• Surveyed unemployment rates
• Property-related activity data
• Main points
• Disclosure Appendix

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