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.

China’s V-Shaped Recovery Steadies as Retail Spending Gains

China’s economic growth slowed largely in line with economists forecasts in the second quarter, with the recovery showing signs of steadying and more balance as consumer spending picked up.

BloombergBloomberg News

• 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

To read the full article become a Premium member

Tim Vollans

• Spain

See all posts by Tim Vollans