China: Disappointing data – Danske Bank

Sandeep Kanihama FXStreet Contributor

Danske Bank analysts note that the Chinese data disappointed overnight as industrial production growth dropped to a new low at 4.4% y/y (consensus 5.2% y/y, previous 4.8% y/y).

Key Quotes

“Retail sales were also lower than expected at 7.5% y/y (consensus 7.9% y/y, previous 7.6% y/y). It underlines that the world's biggest growth engine continues to see downward pressure on growth.”

“China's premier Li Keqiang said in an interview that it is 'very difficult' for China's economy to grow at 6% or more. We expect more stimulus to be announced from China in coming months.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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