China industrial production, investment add to signs of slowdown
After China’s strong first quarter, data released todays signaled further signs of slowdown as industrial production, fixed investment and retail sales eased in April.
Industrial production gained an annualized 6.5 percent in April, easing from a prior of 7.6 percent advance in March. Analysts had predicted a 7.0 percent increase.
During the same period, fixed investment edged up 8.9 percent from 9.2 percent.
Retail sales advanced 10.7 percent, compared to a previous of 10.9 percent, coming below median estimates of 10.8 percent.
monthly growth decelerated to 7.15 percent in April from 7.64 percent in March,
according to Bloomberg calculations.