China's retail sales declined for the first time since 2022 on subdued domestic demand, and fixed asset investment logged a sharper-than-expected fall, while industrial production remained a bright spot, official data revealed Tuesday.
Retail sales decreased 0.6 percent from a year ago in May, the National Bureau of Statistics reported. This marked a reversal from the 0.2 percent increase in April and sharper the expected 0.3 percent decline.
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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.