China Industrial Production +4.8% y/y (expected 4.8%) Retail Sales -1.8% y/y (expected 0.5%)

China activity data for June 2020
– Industrial Production +4.8% y/y vs. expected 4.8%, prior was 4.4%
– industrial production YTD -1.3% y/y vs. expected -1.5%, prior was -2.8%
Industrial production is showing the rebound for many while retail is (imperfectly) showing the lagging behind of the consumer.