China’s industrial production value above designated size for July (annual rate) released: 4.50%

China's July industrial output growth hit 4.50%, missing forecasts and prior highs, signaling a slowdown that bolsters expectations for monetary easing.

China’s annualized growth rate of industrial production above designated size in July was 4.50%, lower than the expected 4.80% and the previous figure of 5.30%. The weaker-than-expected data indicates a slowdown in the expansion of domestic industrial production, providing some support for expectations of loose monetary policy.