The FINANCIAL — Growth in Chinese industrial production slowed in July, according to official data released on August 12, in a sign of additional economic sluggishness in the world’s second-largest economy.
Value-added industrial output in China rose 6.0% in July from a year earlier, slowing from a 6.8% year-over-year increase in June, data from the National Bureau of Statistics showed.
July’s increase undershot the expected median gain of 6.6% by 13 economists polled in a Wall Street Journal survey.
Industrial production increased 0.32% in July from June. In June, it rose 0.64% from the month before, according to Nasdaq.
Fixed-asset investment in nonrural areas of China rose 11.2% in the January-to-July period from a year earlier.
The rise was slower than the 11.4% increase recorded in the January-to-June period. It undershot the economists’ median forecasts for an 11.5% gain.
Retail sales in China increased 10.5% in July from a year earlier, slowing from a 10.6% year-over-year increase in June; it was in line with a 10.5% forecast by economists.