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.
FOMC’s Song Drowned By Don and Kim
A Weekend Risk Reprieve; But No Rest For the Wicked
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.