{"id":436373,"date":"2026-08-17T14:40:04","date_gmt":"2026-08-17T07:40:04","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/china-retail-sales-disappoint-in-july-industrial-output-slows-while-new-home-prices-extend-declines-436373\/"},"modified":"2026-08-17T14:40:04","modified_gmt":"2026-08-17T07:40:04","slug":"china-retail-sales-disappoint-in-july-industrial-output-slows-while-new-home-prices-extend-declines","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/china-retail-sales-disappoint-in-july-industrial-output-slows-while-new-home-prices-extend-declines-436373\/","title":{"rendered":"China retail sales disappoint in July, industrial output slows while new home prices extend declines"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The slate of July economic data:<\/p>\n<ul>\n<li>July retail sales +0.6% vs +1.5% y\/y expected<\/li>\n<li>Prior +1.0%<\/li>\n<li>July industrial output +4.5% vs +4.8% y\/y expected<\/li>\n<li>Prior +5.3%<\/li>\n<li>July fixed-asset investment -6.7% vs -6.0% y\/y expected<\/li>\n<li>Prior -5.7%<\/li>\n<li>July property investment -19.2% y\/y<\/li>\n<li>Prior -18.0%<\/li>\n<li>July new home prices -0.1% m\/m<\/li>\n<li>Prior -0.1%<\/li>\n<li>July new home prices -3.2% y\/y<\/li>\n<li>Prior -3.3%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Soft numbers all around and they are pretty bad, even for recent bad-news-from-China standards. The deepening declines in fixed-asset and property investments continue to signal that the overall market is struggling hard. And even the supposed one bright spot i.e. retail sales was very much a disappointment. That is despite Beijing&#8217;s efforts to prop up activity through the likes of\u00a0consumer trade-in programmes.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As mentioned earlier, domestic demand conditions remain in the dumps and the data above continues to underscore that sentiment for the most part.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s a poor set of numbers all in all, which is arguably the reason why Beijing did not want them released during market hours. Chinese indices closed over 1% higher today to roughly one-month highs but with data like this, the gains today may also be in part due to some buying by the &#8216;plunge protection team&#8217;. That to try and make things look nicer and distract from the terrible report above.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The data above points to further trouble on the ground in China to start Q3 2027, which follows from a poor showing in the previous quarter. For some context, China&#8217;s Q2 GDP saw a 4.3% year-on-year expansion &#8211; the weakest since 2022 &#8211; and missed on expectations of 4.5%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The slate of July economic data: July retail sales +0.6% vs +1.5% y\/y expected Prior +1.0% July industrial output +4.5% vs +4.8% y\/y expected Prior +5.3% July fixed-asset investment -6.7% vs -6.0%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436373","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436373"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}