Goldman Sachs: China’s key domestic activity data improved further in May, but by less than market expectations. 7 numbers:

1. Industrial production year-over-year growth was 4.4% yoy in May, vs. +3.9% yoy in April.

2. cement production was up 8.6% yoy in May, vs. 3.8% yoy growth in April,

3. automobile production accelerated to +19% yoy, from +5.1% in April.

4. Retail sales recovered modestly – retail sales growth was -2.8% yoy in May, vs. -7.5% in April.

5. Automobile sales accelerated to 3.5% yoy, vs. 0% yoy in April.

6. Fixed investment growth rose to +3.7% yoy in May (vs. -0.9% yoy in April), but was still -6.3% year-to-date, which was marginally weaker than expected.

7. Surveyed unemployment rates stayed roughly unchanged from April levels.