European stocks were subdued on Wednesday as weak Chinese data, a strong inflation reading in the U.K. and disappointing sales from fashion retailer H&M raised concerns about the global economic recovery.
China's industrial output in August rose at its weakest pace since July 2020 and retail sales growth also slowed significantly due to strict COVID-19 curbs, heightening concerns about slowing growth in the world's second-biggest economy.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.