China's May Industrial Production Up 3.5% YoY, Below Expectations
China's industrial production in May showed a sluggish trend, falling short of expectations.
On the 15th, the National Bureau of Statistics of China announced that industrial production in May increased by 3.5% year-on-year. This figure not only worsened compared to the previous month's 5.6% but also fell short of experts' forecast of 3.8%.
China's industrial production measures the total output of factories, mines, and public facilities, reflecting manufacturing trends and serving as a leading indicator for employment and average income.
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On the same day, China's retail sales in May increased by only 12.7% year-on-year. This also represents a sluggish level compared to the previous month's 18.4% and the forecast of 13.7%.
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