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MNI BRIEF: China May Sales, Output Improve As Covid Eased

MNI (Singapore)
SINGAPORE (MNI)

Signs of a rebound in key May China data.

True

China's May industrial output and consumption recovered from the two-year lows in April as Covid-hit areas emerged from lockdowns, while investment, the main growth driver this year, remained uplifted amid a policy push, data by the National Bureau of Statistics on Wednesday showed.

Industrial production rose 0.7% y/y in May, reversing a 2.9% decline in April and outshining the forecast 1.0% decline.

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China's May industrial output and consumption recovered from the two-year lows in April as Covid-hit areas emerged from lockdowns, while investment, the main growth driver this year, remained uplifted amid a policy push, data by the National Bureau of Statistics on Wednesday showed.

Industrial production rose 0.7% y/y in May, reversing a 2.9% decline in April and outshining the forecast 1.0% decline.

Keep reading...Show less