China’s Recovery Slowed in May amidst Resurgence of Pandemic

<p>China’s major economic data missed expectations in May. Industrial production (IP) expanded +8.8% y/y in May, worse than consensus of +9.2% and April’s +9.8%. Retail sales growth decelerated to +12.4% y/y, from +17.7% in April. The market had anticipated a +14% growth. Fixed asset investment (FAI) gained +15.4% y/y in the first 5 months of [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/385890-chinas-recovery-slowed-in-may-amidst-resurgence-of-pandemic/">China&#8217;s Recovery Slowed in May amidst Resurgence of Pandemic</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>