China April Retail Sales 0.2% vs 2% Expected, Industrial Production 4.1%

News Image
Read full story

Published: 1 hour ago

China's April economic data disappointed significantly. Retail sales grew just 0.2% year-on-year versus 2% expected, while industrial production rose 4.1% against forecasts of 5.9%. Both indicators signal weaker domestic demand and manufacturing activity. The weak data pressures CNY and could strengthen USD as traders reassess China's economic recovery. AUD and NZD face downside risk given trade linkages, while safe-haven flows may benefit JPY and USD crosses.

Nothing to see yet 😢