*CHINA'S APRIL DATA SHOW ECONOMIC RECOVERY LOSING STEAM AMID GLOBAL GROWTH FEARS 🇨🇳🇨🇳
BEIJING -China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying pressure on policymakers to shore up a wobbly post-COVID recovery.
Retail sales, a gauge of consumption, jumped 18.4%, up sharply from a 10.6% increase in March for their fastest increase since March 2021. Analysts had expected 21.0% growth. Nomura economists took an even dimmer view:"As disappointment kicks in, we see a rising risk of downward spiral, resulting in weaker activity data, rising unemployment, persistent disinflation, falling market interest rates and a weaker currency."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Baidu beats quarterly revenue estimates on China re-openingSearch engine giant Baidu Inc beat first-quarter revenue estimates on Tuesday as businesses spent more on advertising amid China's economy recovery, after the country dropped most of its strict COVID curbs late last year.
Read more »
China's April data show economic recovery losing steam, testing policymakersChina's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost momentum at the beginning of the second quarter and intensifying pressure on policymakers to shore up a wobbly post-COVID recovery.
Read more »
China’s April Retail Sales rise 18.4%, Industrial Output increases 5.6%China’s April Retail Sales YoY, jumped 18.4% vs. 21.0% expected and 10.6% previous while the country’s Industrial Production came in at 5.6% YoY vs. 1
Read more »
China’s NBS: National economy sustained recovery momentum in AprilFollowing the release of the key economic data from China for April, the country’s National Bureau of Statistics (NBS) released a statement, via Reute
Read more »
China April industrial output rises 5.6%, retail sales jump 18.4%; below expectationsChina's industrial output grew 5.6% in April from a year earlier, official data showed on Tuesday, missing expectations by a large margin but accelerating from a 3.9% gain seen in March.
Read more »
China: Inflation loses traction in April – UOBEconomist at UOB Group Ho Woei Chen reviews the latest inflation figures in China. Key Takeaways “Headline inflation was near flat at 0.1% y/y, -0.1%
Read more »