China's industrial output grew more than expected in August as companies ramped up production following the relaxation of pandemic-related restrictions and the pent-up demand boosted retail sales, official data showed Friday.
Industrial production growth accelerated to 4.2 percent from 3.8 percent in July, the National Bureau of Statistics said. Output was forecast to climb again by 3.8 percent.
Retail sales grew 5.4 percent from the last year, up from 2.7 percent in the previous month and economists' forecast of 3.5 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.