China’s Factory Output Slows And Retail Sales Below Expectations

Chinese factory production growth slowed in April from the jump in the previous month, while retail sales fell below analysts’ expectations, indicating that the recovery in consumption is coming under more pressure.

Data from the National Bureau of Statistics on Monday showed that industrial production grew 9.8% in April compared with the corresponding month last year, which is slower than 14.1% in March, but is in line with the median forecast of analysts in a Reuters poll.

Retail sales rose 17.7% Y-o-Y in April, much weaker than the 24.9% growth analysts had forecast and down from the 34.2% jump in March.