China’s industrial output slows in July, retail sales miss forecasts
BEIJING, Aug 17 (Reuters) - China’s industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption. The downbeat readings followed second-quarter growth that cooled to a three-and-a-half-year low, reinforcing concerns that the economy is still struggling for momentum heading into the second half of the year.
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BEIJING, Aug 17 (Reuters) - China’s industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption. The downbeat readings followed second-quarter growth that cooled to a three-and-a-half-year low, reinforcing concerns that the economy is still struggling for momentum heading into the second half of the year. Industrial output in July rose 4.5% from a year earlier, slowing from 5.3% growth in June, data released by the National Bureau of Statistics showed on Monday. It missed expectations for a 4.8% rise in a Reuters poll of 26 analysts.
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- BEIJING, Aug 17 (Reuters) - China’s industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption. The downbeat readings followed second-quarter growth that cooled to a three-and-a-half-year low, reinforcing concerns that the economy is still struggling for momentum heading into the second half of the year.
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China’s industrial output slows in July, retail sales miss forecasts
Sources1TypeCoverageInvesting.com · Economy