China stops: production stalled, sales down

China continues to show signs of weakness, triggering panic in financial markets frightened by the possibility that the slowdown in emerging economies could infect the other major industrialized economies.
The latest data on industrial production in fact show an increase of 6% in May on an annual basis, exactly as in the previous month, showing no acceleration in the pace of growth, respecting the expectations of analysts. On-month the figure has gone up by 0.45% from 0.47% in April.

Statistics on retail sales show annual increase in May reduced to 10% from 10.1% recorded in the previous month and consensus. A trend level the figure was up by 0.76% from 0.80% in April.