China's Housing Prices Fall While Retail Sales Surge

Consenso del Mercado

Factuality

Ownership

Bankinter Market Consensus Macro-negative data battery in May: Better Retail sales, although influenced by government subsidies. Housing prices in free fall and weak industrial production. Retail sales are at +6.4% (a/a) vs +4.9% expected and +5.1% previous. Housing prices used -0.5% (m/m) from -0.4% in May and Industrial production slows to +5.8% (a/a) vs +6.0% expected and +6.1% previous. Review team opinion: Negative reading of data and impa…