China slowdown fears as ind production, retail sales miss forecasts

By Frank Prenesti

Date: Tuesday 16 May 2023

(Sharecast News) - Chinese industrial production and retail sales both grew less than expected, according to official data, fuelling worries that the post-Covid rebound expected to drive the global economic rebound was running out of steam.
Industrial production grew 5.6% in April, well below forecasts of a 10.6%. Retail sales were 18.4% higher year on year, also missing forecasts of 21%.

Reporting by Frank Prenesti for Sharecast.com

Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE