China's industrial production and retail sales growth accelerated more than expected in August as the stimulus measures are beginning to underpin the nascent recovery, but the downturn in the property market continued dimming the growth prospects.
Industrial production posted a faster annual increase of 4.5 percent, the National Bureau of Statistics reported. Output growth was expected to improve to 3.9 percent in August from 3.7 percent in July.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.