Retail sales growth slows to 0.4% as fixed-asset investment falls 7.2%

  • Retail sales increased 0.4% in August from a year earlier.
  • Urban fixed-asset investment fell 7.2% during the first eight months.
  • Industrial output grew 5.2%, while urban unemployment reached 5.3% in August.

The latest economic data presented a mixed picture: retail sales grew 0.4% in August from a year earlier, down from 0.6% in the prior month and below economists' forecast. Urban fixed-asset investment declined 7.2% in the first eight months of the year, compared with a 6.7% fall through January to July. Industrial output growth accelerated to 5.2% in August from 4.5% in July and exceeded economists' expectations. The urban survey-based unemployment rate rose to 5.3% from 5.2%.

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Retail sales growth slows to 0.4% as fixed-asset investment falls 7.2% - CoinPost Terminal