China July activity data undershoots expectations: Commerzbank
Commerzbank’s Henry Hao says China’s July industrial output, retail sales and fixed-asset investment all missed forecasts amid weather disruptions and property weakness.
Commerzbank economist Dr. Henry Hao noted that China’s July activity data came in below expectations across industrial output, retail sales and fixed-asset investment.
The soft reading was attributed to weather disruptions and a deepening property downturn, adding to concerns about growth momentum heading into the second half of the year.
Source: FXStreet Forex News