China’s GDP Q2 beats estimates

FXStreet (Bali) – China’s Q2 GDP came at 7.0% YoY vs. +6.9% expected, while the Q2 growth reading stood at 1.7% in line with expectations.

Other indicators in China were also upbeat, including urban investment (YTD) (YoY), which came in at 11.4% in June vs expectations of 11.2%, industrial production (YoY) came in at 6.8%, above expectations (6%) in June, while retail sales (YoY) was also above forecasts (10.2%) in June, with actual at 10.6%.

China’s Q2 GDP came at 7.0% YoY vs. +6.9% expected, while the Q2 growth reading stood at 1.7% in line with expectations.

(Market News Provided by FXstreet)