China's industrial production and retail sales grew at slower rates in August, data from the National Bureau of Statistics showed on Monday. Industrial output expanded 5.2 percent on a yearly basis, slower than the 5.7 percent increase in July. The rate was expected to remain unchanged at 5.7 percent. Similarly, annual growth in retail sales eased to 3.4 percent from July's 3.7 percent, while sale...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.