China's industrial production and retail sales grew at weaker than expected rates in August and fixed asset investment logged only a meagre growth, strengthening the call for both monetary and fiscal stimulus.
Industrial output expanded 5.2 percent on a yearly basis in August, weaker than the 5.7 percent increase in July, the National Bureau of Statistics reported Monday. The rate was expected to remain unchanged at 5.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.