CXSE - China's industrial output and retail sales see growth but miss estimates

2023-06-15 00:30:40 ET

• China’s May retail sales Y/Y, rose 12.7% vs. 13.6% expected and 18.4% previous, marking the fourth straight month of increase in retail trade.

• Considering the first five months of the year, retail trade rose by 9.3%.

• The country’s industrial production came in at 3.5% Y/Y vs. 3.6% estimated and 5.6% prior.

• It was the 13th straight month of growth in industrial output but the softest pace in three months, mainly due to a slowdown in manufacturing activity and a decline in mining production.

• Meanwhile, China Jan-May private sector fixed-asset investment -0.1% Y/Y. China Jan-May infrastructure investment +7.5% Y/Y and the Fixed Asset Investment increased 4.0% YTD Y/Y in May vs 4.4% expected and 4.7% last.

• ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).

For further details see: