Industrial production growth in China slowed in April 2016 to 6% yoy, as in March reported an increase of 6.8%. The additional data shows that home sales in the first four months of the year continue to grow, as more lax lending policies in many cities stimulate demand, and the effect is transferred to activity in construction. The growth of industrial production with added value did not meet the expectations of the economists, who expected a growth of 6.6%. On a month-on-month basis, the industrial production in China grew by 0.47% in April 2016 against 0.64% rise in March.
The investments in fixed assets outside rural areas in China grow by 10.5% yoy during January-April, compared with 10.7% growth in the first three months of the year. The result of activity in the construction sector is also below the average analyst estimate of 11% growth.
Retail sales slowed down from growth of 10.5% yoy in March to 10.1% yoy in April. On a monthly basis the growth was 0.80%.
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