China's industrial output in May from a year earlier missed expectation
According to the official data, China’s industrial output grew 6.8 percent in May from a year earlier, below forecasts, reported in FuninUSA news. Analysts polled by Reuters had predicted industrial output growth would dip only slightly to 6.9 percent from 7.0 percent in April.
Fixed-asset investment growth slowed to 6.1 percent in the first five months, missing expectations. It had been expected to remain steady at 7.0 percent in the first five months of the year, the same pace as in January-April.
Besides, Retail sales also missed expectations, rising 8.5 percent in May from a year earlier, versus expectations of an increase of 9.6 percent and compared with a rise of 9.4 percent in April, reported in FuninUSA.
China's economic growth is expected to cool gradually this year to around 6.5 percent by analysts polled by Reuters, even if there are no direct shocks from its trade dispute with Washington.
