- The Chinese Statistical Office assessed that domestic economic conditions are improving
- Light macro calendar
- NY FED Empire predicts a slight deterioration in sentiment
The first day of the week will not bring any significant macroeconomic publications. Today's macro calendar is quite light. The most important data from China has already been published in the first part of the day.
Chinese economic indicators showed growth in industrial production and retail sales below forecasts, while unemployment remained stable. The Chinese Statistical Office stated that domestic economic conditions are improving but cited complex global political and economic factors as challenges.
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Create account Try a demo Download mobile app Download mobile app- Year-on-year industrial production growth in China reached 4.4%, higher than the forecasted 2.5% and the previous level of 3.5%.
- The unemployment rate in China remained at 5.2%, in line with the forecast and the previous rate.
- Year-on-year GDP growth in China was 6.3%, lower than the forecast of 7.1% but higher than the previous indicator of 4.5%.
- Year-on-year retail sales growth in China was 3.1%, slightly below the forecast of 3.3% and significantly below the previous indicator of 12.7%.
Detailed daily calendar:
1:30 pm, USA - NY FED Empire:
- Expected: -4.3; Previous: 6.6
1:30 pm, Canada - Wholesale Trade for May:
- Expected: 2.5% MoM; Previous: -1.4% MoM
Central bank speeches:
- 9:15 am - ECB President, Lagarde
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