China's Retail Sales Growth Slows to 0.4% in August
MT Newswires Live
9 hours ago
China's retail sales of consumer goods grew 0.4% year over year to 3.982 trillion yuan in August, according to data from the National Bureau of Statistics released Tuesday.
The pace of growth was softer than the 0.6% expansion recorded in the previous month. It missed the consensus forecast of 0.7% growth tracked by Investing.com.
Sales in urban areas rose 0.2% year over year to 3.446 trillion yuan, while rural retail sales edged up 1.6% to 536.7 billion yuan.
For the first eight months of the year, retail sales in China rose 1.1% year over year to 32.8 trillion yuan, easing from the 1.2% growth in the January-July period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.