Janet Mui weekly video
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.