China recovery stabilising, Aussie unemployment beat
Fears of a China slowdown seem unfounded for now.
The data was reasonably encouraging, with growth in both industrial output & retail sales.
- Industrial output rose 8.3% in June from a year earlier, beating the median estimate of 7.9%
- Retail sales expanded 12.1% in June; median forecast was 10.8%
- Fixed-asset investment climbed