ICYMI - China quietly slipped out very weak data over the weekend ...Middle East

Data from China for August economic activity was terrible. Weak consumption was reflected in very slow retail sales growth. A previous bright spot, industrial production, decelerated also.Youth unemployment remained wedged at 17.1%Home prices slumped at their sharpest rate in a year. My post from the weekend included bizarrely upbeat comments from China's National Bureau of Statistics (NBS):China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)It looks like Temu has seen a rush on these. Not surprising after that data. This article was written by Eamonn Sheridan at www.forexlive.com.

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