China Data Disappoints in July

China reported industrial output for the month of July rose 6.4 percent on-year, missing expectations.

Market watchers are keeping their eyes on the health of the the world’s second-largest economy ahead of a key Communist Party Congress in the fall where a leadership reshuffle is expected.

Analysts were expecting a rise of 7.2 percent against a 7.6 percent expansion in June for the country’s value-added industrial output.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.