Asian economies reported substantial growth figures


Chinese industrial production increased again in July, but at a slower pace. This was shown by government figures on Monday.

Production increased 6.4 percent, after a plus of 8.3 percent in June. 8.8% In May and 9.8% in april.

The increase in July is significantly lower than the expectations of economists, who assumed an increase of 7.8 percent. On a monthly basis, production increased by 0.30 percent in July compared to a plus of 0.56 percent a month earlier.

Retail sales in China increased less sharply in July. This was shown by government figures on Monday.

Sales increased by 8.5 percent year-on-year in July. The first months of this year saw increases of more than 30 percent, after which in april the increase dropped to 17.7 percent. In May it was a plus of 12.4% and in June it was 12.1%. On a monthly basis, the decrease was 0.13% in July, after a plus of 0.48% in June.

Japanese industry produced more on a monthly basis in June than previously reported. This was confirmed on Monday by final figures from the Japanese Ministry of trade and industry.

On a monthly basis, growth was 6.5 per cent, of which 6.2 per cent had previously been reported. On an annual basis, there was an increase of no less than 23.0 percent.

For July, the Japanese government expects a contraction of 1.1 per cent on a monthly basis, as the preliminary figures already showed. And for August, the ministry foresees a production increase of 1.7 percent.

The Japanese economy grew again in the second quarter. This was shown on Monday by figures from the Japanese government.

Gross domestic product increased by 0.3 percent on a quarterly basis in the first quarter. On an annual basis, this was an increase of 1.3 percent.

Japan’s gross domestic product fell by 3.9 percent year-on-year in the first quarter.


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