(Finance) – Mixed signals continue to arrive from China, where the recovery in consumption is struggling, confirming a weakness in domestic demand. THE personal consumptionin fact, are one of the major drivers of the Chinese economy and a slowdown in retail sales predicts weak prospects for the country. They are coming though positive signs from industrial productionwhich signals a recovery in the manufacturing sector, thanks to the continuous aid offered by the Chinese government and the central bank to various industrial sectors and the easing of restrictions on the real estate market.
There production Chinese industrialist is grew by 6.7% on an annual basis in April, according to data released by the National Statistics Office, exceeding the forecasts of analysts which indicated a 5.5% increase and recording a marked acceleration compared to 4.5% in March.
Never signs of weakness in consumption in the country persist, with resulting retail sales growing in April by 2.3% on year. A fact that it largely disappointed expectations of analysts, who indicated a growth of 3.7% and also marks a deceleration compared to the 3.1% recorded in March. The worsening of economic conditions in the last year has clearly pushed families to reduce discretionary spending, causing the Chinese economy to fall into the deflation trap, which Beijing is still trying to free itself from.
The capital investments of the companies are grew by 4.2% in April, disappointing analysts’ expectations, which indicated growth of 4.6% and being weaker than the 4.5% recorded in March
Good signals are coming from the labor market instead unemployment rate has returned to 5% from 5.2% in March.