China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China's investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
China's investment slump deepened in August, and retail sales growth slowed further. Industrial output, however, exceeded expectations. According to CNBC, Beijing has warned of a supply-demand imbalance.
Retail sales in China missed forecast for August. The Economic Times and Times of India reported on India's inflation, which accelerated to 4.8% in August, its highest level since the introduction of the revised Consumer Price Index series in January. Wholesale inflation also rose to 9.9%.
The Reserve Bank of India has a medium-term target of 4% for retail inflation, with a tolerance band of 2 percentage points on either side. The bank's Monetary Policy Committee is scheduled to meet on October 5-7.
Brief written by urgent.news from CNBC, The Economic Times - Economy, Times of India — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Car sales rise 11pc in August dawn.com
- China's factory output growth quickens in August, retail sales slow brecorder.com
- Retail inflation in August rises to 4.8%, wholesale print up 9.9% economictimes.indiatimes.com
- China's retail sales slow again as Beijing struggles to revive consumer spending euronews.com
- China’s Retail Sales rise 0.4% in August, Industrial Production up 5.2% fxstreet.com
- August inflation seen moderating to 15.3% businessday.ng
- China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing cnbc.com
- Retail inflation surges to 8-month high of 4.8% in August timesofindia.indiatimes.com
