Growth of retail sales in China eased more than expected in February, data from the National Bureau of Statistics showed Friday.
Retail sales increased 14.7 percent year-on-year in February, much weaker than the 18.1 percent growth recorded in the previous month. Economists expected a 17.3 percent increase in sales last month.
Despite the sluggish growth in overall sales at retail outlets, car sales surged 12.7 percent from a year earlier. Spending on petroleum and petroleum products climbed 20.4 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.