China June: Retail sales +3.1% y/y (expected 3.2%) Industrial output +4.4% y/y (exp 2.7%)

<p>Chinese economic activity data for June 2023</p><p>Further. National Bureau of Statistics (NBS) says</p><ul><li>June crude oil production rose 1.9% Y/Y to 17.5mln metric tons and H1 crude output rose 2.1% Y/y to 105.1mln tons</li><li>June crude production the highest since 2015</li><li>June natural gas output rose 5.5% Y/Y, H1 natgas output rose 5.4% Y/Y</li></ul><p>The data point that will most concern Chinese Communist authorities is that the June Unemployment Rate amongst 16 to 24 year-olds is 21.3%. This is up from the May reading at 20.8%.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.