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

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.

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