China’s retail sales and industrial data miss expectations in August

Published On Sep 13, 2024, 10:00 PM

In August, China's retail sales, industrial production, and fixed asset investments showed slower than expected growth. Retail sales increased by 2.1%, missing the forecast of 2.5%. Industrial production rose by 4.5%, below the 4.8% forecast. Investment in fixed assets rose by 3.4%, slightly under the expected 3.5%. The urban unemployment rate also increased to 5.3% from 5.2% in July, pointing to continued challenges in consumption and economic recovery. Analysts indicate that a coordinated stimulus may be necessary to boost demand in the upcoming months.