China Retail Sales Climb 8.8% On Year In July

China Retail Sales Climb 8.8% On Year In July

Retail sales in China jumped 8.8 percent on year in July, the National Bureau of Statistics said on Tuesday.

That was shy of forecasts for a gain of 9.1 percent and down from 9.0 percent in June.

The bureau also noted that industrial production advanced an annual 6.0 percent — unchanged from a month earlier but again beneath forecasts for 6.3 percent.

Also, fixed asset investment was up 5.5 percent on year — missing expectations for 6.0 percent — which would have been unchanged from the previous month.

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