China’s industrial production growth in August falls short of forecasts

China’s industrial production rose 4.5% in August from a year earlier, the slowest growth since March, pointing to weakening domestic demand that could lead to further measures to stimulate the economy.

In July, growth had been 5.1%.

Official data from the National Bureau of Statistics (NBS), released on Saturday, fell short of expectations for 4.8 percent growth in August, according to a Reuters poll of 37 analysts.

Retail sales, a gauge of consumer spending, rose 2.1% in August, slowing from a 2.7% gain in July, despite a spike in summer travel. Analysts had expected retail sales, which have been anemic all year, to rise 2.5%.

Fixed asset investment increased by 3.4% in the first eight months of 2024 compared to the same period a year ago, compared to an expected expansion of 3.5%. In the January-July period, it grew by 3.6%.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.