China's industrial production and retail sales growth slowed in July, suggesting a slowdown in the economic recovery amid new COVID-19 outbreaks and supply chain disruption.
Industrial production growth slowed to 6.4 percent in July from 8.3 percent a month ago, data from the National Bureau of Statistics revealed Monday. Output was expected to gain 7.8 percent.
Retail sales grew at a slower pace of 8.5 percent on a yearly basis, following a 12.1 percent rise in June. This was also weaker than the economists' forecast of 11.5 percent.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.