China May data presents no relief for Australia

Thursday, 11 June 2015

The May China data dump is out and has some signs of stabilisation but no relief for Australia. Industrial production managed a small gain at 6.1% versus 6% expected:

And retail sales were also stable at 10.1% as expected:

But, most importantly, fixed asset investment continues to fall fast, at 11.4% versus 12% expected:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.