China's retail sales up, industrial output disappointed, PBOC maintained lending facility rate

From CNBC: 2024-06-16 19:38:07

China’s retail sales in May surpassed expectations, increasing by 3.7% year-on-year. However, industrial output and fixed asset investment fell short of Reuters forecasts. The urban unemployment rate remained steady at 5%. The People’s Bank of China maintained its lending facility rate and injected 4 billion yuan through reverse repurchase operations. In global markets, the Hang Seng index in Hong Kong rose while indices in Japan, South Korea, and Australia saw declines. In the US, the Nasdaq Composite climbed, while the S&P 500 and Dow Jones Industrial Average dipped.



Read more at CNBC: PBOC MLF, China retail sales, unemployment