In China, sales in retail have developed better than expected at the beginning of the year.
Industrial production also grew more than an expert. In the period in January and February, retail turnover attracted four percent compared to the previous year, as the Chinese statistics office announced in Beijing on Monday. Expert: On average, 3.8 percent expected an average of 3.8 percent. This gave the retail sales again compared to December.
Industrial production climbed by 5.9 percent in January and February, analyst: On average, an average increase had a smaller increase of 5.3 percent on the note.
The sales in retail were in a “beautiful and comfortable area”, commented Helen Qiao from the Bank of America. Therefore, it can still be assumed that there will continue to be state support measures. On the other hand, the data is not too weak that there is a cause for concern.
China’s economy fights with a weak demand in Germany and a low consumer: internal confidence. In addition, there is the trade war with the USA under President Donald Trump. At the weekend, the Chinese government presented a plan to boost domestic demand.