(Tiper Stock Exchange) – Signs of weakness come from some important Chinese macro data published this morning, pointing to a slowdown in growth in the large Asian economy and reinforcing expectations for a central bank rate cut in June.
According to data from the Chinese Bureau of Statistics, the industrial production grew by 5.6% on an annual basis in April, more than the previous month (+2.4%) e about half of the cosensus (+10.9%). Even the boys are growing below expectations investments of businesses, which mark a +4.7%, against the expected +5.5% and compared to the +5.1% of the previous month.
Also disappointing retail saleswho have registered a 18.4% growth every year, lower than expected (+21%), even if higher than the previous month (+10.6%). From the beginning of the year to March, the figure rose by 8.46%, an acceleration compared to the +5.76% in the January-February period.
Unemployment rate finally fell to 5.2% in April from the previous and expected 5.3%.
(Photo: Free-Photos)