US EditionChina's Industrial Output Rises 5.8% in May
9 Articles
9 Articles
China's economy had a mixed economic performance in May, as retail sales increased while manufacturing slowed to the highest tariffs in the United States.
Retail sales increased by 6.4 per cent in May over the previous year, exceeding the analysts’ estimates, which expected a growth of 5 per cent and accelerating from 5.1 per cent the previous month. The country’s industrial output slowed to 5.8 per cent year-on-year in May, from 6.1 per cent the previous month. This latter figure was slightly lower than the analysts’ expectations, which predicted an increase of 5.9 per cent. In addition, investme…
Retail sales in China rose 6.4% year-on-year in May, the Beijing statistics bureau said, compared with analysts who had forecast much more modest growth.
China’s retail sales in May jump most since 2023 in relief from tariffs
China’s domestic consumption surprisingly jumped as the economy rode out the tariff rollercoaster in May, offering a confidence boost to Beijing as it stares down the threat of a prolonged trade war with the US. Retail sales grew 6.4% last month, the fastest pace since December 2023 and exceeding all estimates, according to official data released on Monday.
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