China’s retail sales shrink far more than expected, while industrial production disappoints

China’s retail sales shrink far more than expected, while industrial production disappoints

  • Retail sales fell by 5.9% in November from a year ago, worse than expectations for a decline of 3.7%, according to analysts polled by Reuters.
  • Industrial production grew by 2.2% in November from a year ago, missing Reuters’ forecast for a 3.6% increase.
  • A day before the data release, China’s National Bureau of Statistics canceled its in-person press conference set for Thursday without explanation.

https://www.cnbc.com/2022/12/15/chinas-retail-sales-shrink-far-more-than-expected-while-industrial-production-disappoints.html


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