by Calculated Risk on 6/10/2012 09:16:00 AM
Sunday, June 10, 2012
China economic data "mixed"
From the WSJ: China Data Signal Some Strength
A raft of data released over the weekend by the Chinese government present a mixed picture, but overall suggest an economy stronger than many market players feared at the end of last week.Some of the data from the WSJ article:
Industrial production was up 9.6% year-over-year (YoY) in May, a stronger pace than in April (9.3%) - however that isn't saying much since April saw the slowest YoY growth since 2009.
CPI increased 3.0% YoY in May, the slowest since June 2010.
Both exports and imports were up in May. Exports were up 15.3% YoY, and import up 12.7%.
Auto sales were up 22.6% YoY, increasing at a faster pace than in April (12.5%).
However overall retail sales increased at a slower pace in May; 13.8% year-over-year compared to 14.1% in April.
Overall this was slightly better than expected.
Yesterday:
• Summary for Week Ending June 8th
• Schedule for Week of June 10th