TD Securities analysts point out that China’s industrial production has slowed sharply, hitting a multi-year low of 4.8% y/y in July as the manufacturing sector becomes increasingly impacted by tariffs.
“China’s manufacturing PMI has been in contraction for 4 straight months, while other indicators such as electricity production are weak, suggesting limited prospects of sustained bounce in IP. Nonetheless, IP weakness appears to have overshot the decline in PMI and a small retracement is expected in August to around 5.2% y/y.”
“Similarly after a relatively sharp slowing to 7.6% y/y retail sales are expected to pick up to 8.0% y/y While this marks an improvement, it is still close to the lowest since the beginning of 2007.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.