According to Arjen van Dijkhuizen, Sr. Economist at ABN AMRO, the monthly activity data published this morning confirm the resumption of the gradual slowdown in Chinese growth. Key Quotes “Industrial production growth fell stronger than expected, to 6.0% yoy (May: 6.8%). Fixed investment continued its slide, reaching a record low of 6.0% in June – in line with market expectations. That mainly reflects the ongoing cooling of public investment (including infrastructure spending). The fact that private investment is showing more dynamism is a more positive development.” “Another positive sign came from the fact that retail sales growth recovered to 9.0% yoy, as May’s number of 8.5% was partly explained by some temporary factors.” “Earlier this month, the official PMI also signaled cooling conditions in manufacturing. The escalating conflict with the US is affecting the outlook as well. Still, the services PMIs published by Caixin and NBS paint a still bright picture for services.” “All in all, we think that June data confirm that the gradual slowdown of the Chinese economy has resumed, while downside risks on the external front are rising.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Technical Analysis: BTC/USD bulls charge ahead to jump 5%, but stopped short by $6600 bear barrier FX Street 5 years According to Arjen van Dijkhuizen, Sr. Economist at ABN AMRO, the monthly activity data published this morning confirm the resumption of the gradual slowdown in Chinese growth. Key Quotes "Industrial production growth fell stronger than expected, to 6.0% yoy (May: 6.8%). Fixed investment continued its slide, reaching a record low of 6.0% in June - in line with market expectations. That mainly reflects the ongoing cooling of public investment (including infrastructure spending). The fact that private investment is showing more dynamism is a more positive development." "Another positive sign came from the fact that retail sales growth recovered to 9.0%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
