Amid strict restrictions to contain the pandemic, China's retail sales logged a bigger-than-expected sharp fall in November and industrial production growth slowed markedly, reflecting disruptions to economic activity in many parts of the country and weak foreign demand, and raised concerns on the ability of Beijing to achieve its official growth target of around 5.5 percent for this year.
Retail sales plunged 5.9 percent from a year ago, much faster than the 0.5 percent decrease in October, the National Bureau of Statistics said. This was also bigger than economists' forecast of -3.7 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.