BLOOMNBERG.COM
China’s recent economic stabilization faltered in July as factory output, retail sales and investment all slowed, while the broadest measure of new credit rose the least in two years. All main indicators released Friday missed economist estimates in Bloomberg surveys: Industrial production rose 6 percent in July from a year earlier, less than the projected 6.2 percent gain Retail sales climbed 10.2 percent last month versus the estimate for 10.5 percent Fixed-asset investment increased 8.1 percent in the first seven months of the year, compared with a projection for 8.9 percent growth Aggregate financing was a two-year low of 487.9 billion yuan ($73.4 billion) in July, less than half of the median estimate of 1 trillion yuan in Bloomberg’s survey New yuan loans stood at 463.6 billion yuan, also the slowest pace since July 2014 and less than the projected 850 billion yuan increase The broad M2 money supply rose 10.2 percent, the weakest gain since April 2015.
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China’s recent economic stabilization faltered in July as factory output, retail sales and investment all slowed, while the broadest measure of new credit rose the least in two years. All main indicators released Friday missed economist estimates in Bloomberg surveys: Industrial production rose 6 percent in July from a year earlier, less than the projected 6.2 percent gain Retail sales climbed 10.2 percent last month versus the estimate for 10.5 percent Fixed-asset investment increased 8.1 percent in the first seven months of the year, compared with a projection for 8.9 percent growth Aggregate financing was a two-year low of 487.9 billion yuan ($73.4 billion) in July, less than half of the median estimate of 1 trillion yuan in Bloomberg’s survey New yuan loans stood at 463.6 billion yuan, also the slowest pace since July 2014 and less than the projected 850 billion yuan increase The broad M2 money supply rose 10.2 percent, the weakest gain since April 2015.
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