China Q2 GDP hits expectations, Industrial Production slides

Joshua Gibson FXStreet

China's Gross Domestic Product for 2018's second quarter managed to improve slightly on expectations, with the y/y figure coming in at the expected 6.7% (previous, 6.8%), but the q/q reading showed a more-than-expected improvement, clipping to 1.8% versus the forecast 1.6%, compared to the last reading of 1.4%.

Meanwhile, China's y/y Industrial Production figures for May clocked in at 6.0%, below the expected 6.5% (last 6.8%), while China's y/y June Retail Sales came in at expectations, printing at 9.0% (last 8.5%).

China's National Bureau of Statistics noted that the Chinese economy maintained a steady growth trend through the first half, which puts China on par to achieve full-year growth targets, but the NBSC was quick to point out that uncertainties from the "external environment" remain a risk.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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