Janet Mui: weekly economic update 19 July

  • Chinese GDP slowed to an annualized rate of 6.2% in the second quarter, the slowest pace since 1990. Activity was stronger in June, suggesting growth will stabilize in the second half of the year.  
  • UK wages grew at an annualized rate of 3.6% in May, the fastest pace since July 2008.  
  • US retail sales were strong in June, suggesting consumers remain in good shape. There was also robust data from the manufacturing sector.  

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