Guardian Stockbrokers Key Economic News Tuesday 15 August 2023

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Japan GDP rose more than expected in 2Q23

In Japan, GDP advanced 1.50% on a QoQ basis in 2Q23, compared to a rise of 0.90% in the prior quarter. Markets were expecting GDP to rise 0.80%.

China industrial production advanced less than anticipated in July

In China, industrial production rose 3.70% on a YoY basis in July, compared to a rise of 4.40% in the previous month. Markets were expecting industrial production to rise 4.40%.

China retail sales climbed less than expected in July

In China, retail sales rose 2.50% on a YoY basis in July, compared to a rise of 3.10% in the previous month. Markets were expecting retail sales to rise 4.50%.

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