China's factory output, retail sales, investment all miss expectations

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Officials warn foundations for the country's recovery are not yet secure. FMTNews

Workers assemble wiring for automobiles at a factory in Qingdao, Shandong province last year.

Industrial production grew 8.8% in May from a year ago, slower than the 9.8% uptick in April, National Bureau of Statistics data showed on Wednesday.Most China watchers had expected some moderation in May output due to softer export orders, higher cost pressures for factories and tighter environmental restrictions on heavy industry.

Retail sales rose 12.4% year-on-year in May, weaker than 13.6% growth expected by analysts and down from the 17.7% jump seen in April.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines