China’s economic slowdown deepens in August with retail sales, industrial output missing expectations

China’s economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and Beijing’s campaign against industrial overcapacity curbed output.

Retail sales last month rose 3.4% from a year earlier, data from the National Bureau of Statistics showed Monday, missing analysts’ estimates for 3.9% growth in a Reuters poll and slowing from July’s 3.7% growth.

Industrial output growth slowed to 5.2% in August, compared to the 5.7% jump in July, marking its weakest level since August 2024, according to LSEG data. Economists had expected the data to be unchanged from the previous month.

https://www.msn.com/en-us/money/markets/chinas-economic-slowdown-deepens-in-august-with-retail-sales-industrial-output-missing-expectations/ar-AA1MxOha