China retail sales rise but industrial production misses estimates

Retail sales in China rose more than expected last month but industrial production was below forecasts, official data showed on Thursday.

Retail sales rose by 2.7% in July from a year ago, beating forecasts of 2.6% growth. However, industrial production rose by 5.1%, below estimates of 5.2%.

Fixed asset investment fell 10.2% in the year to date, compared with a 10.1% decline in June.

Unemployment rose for the first time since February, hitting 5.2%, compared to 5% in June.

Reporting by Frank Prenesti for Sharecast.com