China’s July Retail Sales and Industrial Output disappoint

China’s July Retail Sales YoY, unexptedly fall to 2.7% vs. 5.0% expected and 3.1% previous while Industrial Production YoY came in at 3.8% and 4.6% estimated and 3.9% prior.

Meanwhile, the Fixed Asset Investment YoY drops to 5.7% in July vs 6.2% expected and 6.1% last.

Earlier on, the House Price Index dropped 0.9% in July when compared to a 0.5% contraction seen in June.