Growth in China's industrial production and retail sales eased more-than-expected in May, official data revealed Wednesday.
According to the National Bureau of Statistics, industrial production grew 8.8 percent on a yearly basis in May, weaker than the economists' forecast of 9 percent and April's 9.8 percent increase.
Similarly, retail sales expanded 12.4 percent annually, which was slower than the expected increase of 13.6 percent. Sales had advanced more than 17 percent in April.
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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.