International Economic
China retail sales rise but industrial production misses estimates
By Frank Prenesti
Date: Thursday 15 Aug 2024
(Sharecast News) - Retail sales in China rose more than expected last month but industrial production was below forecasts, official data showed on Thursday.
Retail sales rose by 2.7% in July from a year ago, beating forecasts of 2.6% growth. However, industrial production rose by 5.1%, below estimates of 5.2%.
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