Reported 8 months ago
On June 17, 2024, China's National Bureau of Statistics announced economic performance data for May, revealing a notable acceleration in consumer spending compared to the previous month, surpassing market expectations. However, industrial value-added and investment fell short of expectations. Although the overall May economic operation appeared stable, external challenges and insufficient domestic demand continue to pose difficulties to sustained economic growth. The statistics showed a 3.7% year-on-year increase in total retail sales of consumer goods in May, surpassing market expectations, while industrial value-added and investment figures were slightly lower than anticipated.
Source: YAHOO