China's retail sales growth moderated to 10.0% y/y in April from 10.2% in March, also missing consensus expectations. As CPI inflation edged higher in April, sales growth in real terms dipped to 9.9% y/y from 10.2% prior.
Retail sales growth moderated in both urban and rural areas, to 9.8% and 11.4% y/y in April from 10.0% and 11.5% in March, respectively. This raises concerns that prolonged economic weakness will put pressure on the labour market and consumption.
Commentary
China's retail sales moderated in April
China's retail sales growth moderated to 10.0% y/y in April from 10.2% in March, also missing consensus expectations. As CPI inflation edged higher in April, sales growth in real terms dipped to 9.9% y/y from 10.2% prior…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
