China’s consumers, factories hold up as global outlook brightens - BBG

Bloomberg out with additional insights on the Chinese data dump released earlier today.

Key Points:

China's retail sales and industrial output remained resilient in May, while signs emerged that measures to cool the property market are having some effect.

Bloomberg’s monthly China GDP tracker shows growth at 7.14 percent in May, little changed from April

NZ: Q1 current account widens to 3.1% of GDP – Westpac

New Zealand’s current account deficit widened to 3.1% of GDP in the year to March, notes Michael Gordon, Acting Chief Economist at Westpac. Key Quote
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