China’s July data dump adds to the gloom

Wednesday, 12 August 2015

China has dumped its July data on an already reeling global market and it has not helped. Industrial Production came in at 6% versus 6.6% expected and 6.8% in June:

More importantly for Australia, fixed asset investment came in at 11.2% versus 11.5% expected 11.4% in June:

Retail sales came in at 10.5% versus 10.6% expected and 10.6% in June:

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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.