China’s consumer and factory data miss expectations in July

China’s consumer and factory data miss expectations in July

• Retail sales grew by 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That’s well below the 5% growth forecast by a Reuters poll, and down from growth of 3.1% in  June.
• Industrial production rose by 3.8%, also missing expectations for 4.6% growth and a drop from the prior month’s 3.9% increase.
• Investment into real estate fell at a faster pace in July than June, while investment into manufacturing slowed its pace of growth.

https://www.cnbc.com/2022/08/15/chinas-consumer-and-factory-data-miss-expectations-in-july.html