The Wall Street Journal: China industrial output, retail sales fall short of expectations
BEIJING — China’s economic activities cooled further in August, adding to challenges for Beijing as it tries to ease trade tensions with the U.S.
Value-added industrial output in China rose 4.4% in August from a year earlier, slower than the 4.8% increase in July, the National Bureau of Statistics said Monday. August’s growth was below economists’ median forecast of a 5.2% rise in a Wall Street Journal poll.
Fixed-asset investment outside Chinese rural households climbed 5.5% in the January-August period from a year earlier. The reading was lower the 5.7% increase recorded in the January-July period. Economists had expected steady investment growth for the period.
Read: ‘Very difficult’ for China’s economy to maintain 6% growth: report
Retail sales in China climbed 7.5% in August from a year earlier, a tick down from the 7.6% year-over-year gain in July and missing economists’ median forecast for a 7.9% growth.
An expanded version of this story can be found on WSJ.com
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