Retail sales in China recorded a growth of about 2.5% in August, according to the data of the National Bureau of Statistics issued this morning, Wednesday, compared to 8.5% in July, to come below expectations that indicated a decline to 6.9%.
The data disappointed the markets after the new Delta strain began to spread in the second The largest economy in the world in early August, for the first time since the beginning of last year, for China to impose travel restrictions and some local closures to control the outbreak of the epidemic.
Industrial production also declined in August to 5.3%, compared to 6.4% in July, less than market expectations, which indicated a decline to 5.8%. On the other hand, the investment index in fixed assets rose for the first eight months of the year by 8.9% compared to 10.3% in the previous year. July reading (expectations of 9.1%).
06/11/2024
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