(Finance) – Le retail sales in China, in June, they rebounded by 3.1% on an annual basis, outperforming the consensus which expected a rise of just 0.3%. In the previous month there was a drop of 6.7%. The recovery is mainly due to theeasing of anti-Covid restriction measures imposed by the Beijing authorities. Restrictions that instead affected the country’s economic growth: in the second quarter, in fact, GDP grew by just 0.4%.
The unemployment rate Chinese fell from the previous 5.9% to 5.5%.
It disappoints industrial production increased by 3.9% compared to + 4.1% analysts’ expectations. In May there was an increase of 0.7%. Production grew in manufacturing sector (+ 3.4% against + 0.1% in May) and in services public (+ 3.3% vs + 0.2%).