China industrial production grew again, but retail sales contracts, USD/CNH range bound

<p>China&#8217;s industrial production grew 3.9% yoy in April, above expectation of 1.5% yoy. That&#8217;s the first expansion reading this year as activity was returning to normal from coronavirus pandemic. However, consumption remained weak as retail sales contracted -7.5% yoy in April, matched expectations. That&#8217;s already better than -15.8% contraction of sales in March. Fixed asset [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/295285-china-industrial-production-grew-again-but-retail-sales-contracts-usd-cnh-range-bound/">China industrial production grew again, but retail sales contracts, USD/CNH range bound</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>